Question

In London. I pint of milk costs 58p.

Answer 1

Comparing the equivalent cost of Milk in Euro in the two countries, then we can conclude that Milk is a better value for money in Paris.

In other to make accurate comparison of the cost ; we need to using the same unit or milk and same currency value :

Cost of 1 pint of Milk in London :

1 pint = 0.58 pounds

The equivalent value of 1 pint of Milk in terms of Euro in London will be :

1 pound = 1.17 euro

0.58 pound = x

Cross multiply :

x = 1.17 × 0.58

x = 0.6786 euro

x = 0.68 euro

Hence, 1 pint of Milk cost 0.68 euro in London

Cost of 1 pint of Milk in Paris :

1 Litre = 1.76 pint

Hence,

1.76 pint = 1.05 euro

1 pint = c

1.76c = 1.05

c = 1.05 / 1.76

c = 0.597 euro

Hence, cost of 1 pint of Milk cost 0.60 euro in Paris

Therefore, since the cost of Milk in Paris cost less in Paris than in London, then Milk is a better value for money in Paris.

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