Taylor bought a painting for 1 million yen while in Japan. At the time, exchange rate was 1 dollar to 126 yen. If a friend offer
s $2,000 dollars for the painting would Taylor profit?
1 answer:
Answer:
No, she would not profit.
Step-by-step explanation:
1 dollar = 126 yen
x = 1000000 yen
1000000 ÷ 126 = $7, 936.51
$2,000 is not enough to cover the value of the painting as Taylor would lose over $5,000. So, she would not profit.
Hope that helps.
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