Question

Exchange rates are 120 yen per dollar, 0.8 euro per dollar, and 10 pesos per dollar. A bottle of beer in New York costs 6 dollars, 1,200 yen in Tokyo, 7.2 euro in Munich, and 50 pesos in Cancun. Where is the most expensive and the cheapest beer in that order?

Answer 1

Answer:

Most expensive in Tokyo, Least expensive in Cancun

Explanation:

Given: Exchange rates 1 $= 120 Yen

                                       1$ =0.8 Euro

                                       1$ = 10 pesos

Now, a bottle of beer costs in New York = 6$

                                              in Tokyo = 1200 Yen i.e $\frac{1200}{120}$  = 10$

                                              in Munich = 7.2 Euro i.e $\frac{7.2}{0.8}$ = $9

                                              in Cancun = 50 pesos = $\frac{50}{10}$ = $5

Thus, it can be seen, the beer is least expensive in Cancun, then in New York, followed by Munich and lastly most expensive in Tokyo.