Question

An inventor sells her product for 376 Chinese yuan. This price has the same value as 55 U.S. dollars. Based on these numbers, what is the conversion rate between Chinese yuan and U.S. dollars? Choose the closest answer.
376 U.S. dollars = 1 Chinese yuan
1 U.S. dollar = 0.15 Chinese yuan
6.84 U.S. dollars = 1 Chinese yuan
1 U.S. dollar = 6.84 Chinese yuan

Answer 1

Answer:

1 U.S. dollar = 6.84 Chinese Yuan

Explanation:

Take the number of Yuans and divide it by the number of U.S dollars.

$376 \div 55 = 6.836363636363$

then round to 6.84