Question

Hector is on a trip to Japan. The table below outlines some of the fun things he would like to see and do while on his trip, as well as their estimated costs, either in US dollars ($) or Japanese yen (¥). Hector has $575 budgeted for expenses like this.
Item
Cost
Currency
Kabuki performance
74.95
$
Kaiseki dinner
8,745
¥
Shopping at Akihabara
262.49
$
Onsen visit
6,811
¥
Museum visit
2,423
¥

Hector would also like to see a professional sumo tournament while he is there, which would cost him ¥5,488. If the conversion rate of US dollars to Japanese yen is 1:94.153 at the time of Hector’s trip, how will this affect his budget?
a.
Hector can see the sumo tournament and have about $322 left over.
b.
Hector can see the sumo tournament and have about $86 left over.
c.
Hector has exactly enough left in his budget to see the sumo tournament.
d.
Hector cannot afford to see the sumo tournament, because it would put him over budget by almost $12.

Answer 1

Amount spent before the sumo tournament = 74.95 + 8745 / 94.153 + 262.49 + 6811 / 94.153 + 2423 / 94.153 = 74.95 + 92.88 + 262.49 + 72.34 + 25.73 = 528.39

Amount left before the sumo tournament = 575 - 528.39 = 46.61

Cost of the sumo tournament = 5488 / 94.153 = 58.29

Therefore, Hector cannot afford to see the sumo tournament, because it would put him over budget by almost $12.