One year, he learns of a tribe on a nearby island who are willing to trade with him: If he gives fish, they give clams. He produces just as much as before, but he trades 500 of the 2,000 fish and receives 10,000 clams valued at 5 clams per British pound. What is the British pound value of the exported fish? Of the imported clams?

Question

Adolfo Fletcher

Business

7 August, 03:19

One year, he learns of a tribe on a nearby island who are willing to trade with him: If he gives fish, they give clams. He produces just as much as before, but he trades 500 of the 2,000 fish and receives 10,000 clams valued at 5 clams per British pound. What is the British pound value of the exported fish? Of the imported clams?

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Answers (1)

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Cedric Duffy · Answer 1

Each fish is £4

Each clam is £0,20

Explanation:

500 fish trade 10,000 clams

5 clams = £1 (British pound)

So 10,000 clams will be, we use cross multiplication

5/1=10000/x

x=10000 x 1/5

x=2000

Then, the 10000 clams worth £2000

Each clam is £0,20

Also, we know 500 fish trade 10,000 clams, that means the 500 fish worth £2000

So, each fish is £4