Question

The cost of the five most popular items at an airport gift shop include a $12.99 decorative mug, a $2.99 postcard, a $3.49 keychain, a $15.29 t-shirt, and a $7.89 teddy bear. Everleigh is interested in seeing the cost of the items in another currency. The most current currency conversion rates for 1 U.S. dollar are the following:
Country:
China
Denmark
Sweden

Name of currency:
Yuan(china)
Krone(Denmark)
Krona(Sweden)

Exchange rate:
6.4651(china)
6.3394(Denmark)
8.6964(Sweden)

Choose one airport gift shop souvenir and one country. Convert the cost of the chosen souvenir into the currency of that country. Show all necessary mathematical calculations.

Answer 1

The t-shirt that cost $15.29 is worth Denmark Krone 96.93

Which country and currency are to be chosen?

I chose Denmark and her Denmark Krone as the country's currency bearing in mind that the chosen item is the t-shirt whose dollar cost $15.29

In other words, the task at hand is to convert $15.29 which is the cost of t-shirt to the Denmark Krone whose exchange is Denmark Krone 6.3394

to $1

$1=Denmark Krone 6.3394

$15.29 t-shirt=Denmark Krone 6.3394*15.29

$15.29 t-shirt=Denmark Krone 96.93

Note that even if exchange rate was rounded to 4 decimal places, it is expected based on norm or industry practice that the final amount in Denmark Krone be rounded to 2 decimal places, in other words, the shirt at the airport gift shop whose cost $15.29 is Denmark Krone 96.93  in Denmark

Find out more about exchange rate on: brainly.com/question/21469251

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