Answer:b) AU$ 15 502.59
b) USA is cheaper
d)£20 762 .06
c) 51
Step-by-step explanation:
b) cost of the saxophone is € 8 990.00, and we're given that the exchange rate is AU$ 1 = € 0.59730.
Therefore, converting to AU$ we'll divide the cost of the saxophone by the exchange rate:
x = (€ 8 990.00)/(€ 0.59730)
x = AU$ 15 051.06
The credits card charges 3%, so:
3/100 * AU$ 15 051.06 = AU$ 451.53 ( This is the amount that the credit card will take from you)
The total cost is then the sum of the amount charged for the saxophone plus the amount charged by the credit card, which will be:
Total = AU$ 15 051.06 + AU$ 451.53
Total = AU$ 15 502.59
b) To see in which country it's cheaper we need to compare the prices, but to do so we need to have them in the same currency.
We can either convert the $35.00 to £ or the £26.99 to $.
We're given that the exchange currency is £1 = $1.42
Choosing to convert the $35.00 to £,
£ x = ($35.00)/($1.42)
£ x = 24.65
Comparing the £26.99(England price) to the £ 24.65(USA converted price), we see that USA is cheaper.
d) The minimum he can sell the car for will be the sum of the amount that he buys the car for plus his 20% profit plus the cost of importing the car. These all need to be in the same currency so we'll start by converting the price of the car from $ to £ and then calculating the 20% profit and finally adding everything (cost of car +20% profit + cost of import):
£ x = ($24 000.00)/($ 1.45)
£ x = £ 16 551.75 (Cost of car in £)
20% of £16 551.72
(20/100) * £16 551.72
= £3 310.34
Minimum he can charge for the car = £16 551.72 + £3 310.34 + £900.00 = £20 762.06
C) £200.00 in Koruna will be:
x Koruna = (£200.00) * ( 25.82 Koruna)
x Koruna = 5 164.00 Koruna
5 164.00 Koruna ÷ 100 Koruna notes = 51.64 notes
Therefore, she'll have 51 100 Koruna notes with her.
