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3 August, 02:06

An American executive is going on a business trip to Japan and England. Before she departs, she purchases $10,000 worth of Japanese yen at the prevailing rate of ¥82.54/$. After finishing her business in Japan, she departs for London where she converts the remaining yen to British pounds. She sells ¥512,375 at a rate of ¥132.03/£. She finally returns to the United States with £567.35, which she would like to convert to U. S. dollars. Based only on the rates given, how many dollars will she receive if she sells the pounds?

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  1. 3 August, 03:27
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    The correct answer is $907.76.

    Explanation:

    According to the scenario, computation of the given data are as follow:-

    1¥ = 82.54$

    1£ = 132.03¥

    Convert pounds to us dollars = £ : $ = £132.03 : $82.54

    = 1.60$ : £

    Mean, 1£ = 1.6$

    She has £567.35.

    After converting the pound into the dollar, she will receive = £567.35 * $1.60

    = $907.76

    Hence, she receive $907.76 if she sells the pounds.
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