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12 August, 04:09

In France, grapes are 1.95 euros per kilogram. What is the cost of grapes, in dollars per pound, if the exchange rate is 1.14 dollars/euro? (2.6)

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  1. 12 August, 04:23
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    Ans: 1.00 dollar/pound

    Given:

    Cost of grapes = 1.95 euro/kg

    Exchange rate = 1.14 dollars/euro

    To determine:

    Cost of grapes in dollars/pound

    Explanation:

    It is given that:

    1 euro = 1.14 dollars

    1.95 euro = 1.14 dollars * 1.95 euro/1 euro = 2.22 dollars

    Now:

    1 kg = 2.20 pounds

    Cost of grapes in dollars/pound = 1 pound * 2.22 dollars/2.20 pounds

    = 1.00 dollar/pound
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