The initial price of 400 tepizes/m² on the small island.
The clothing maker bought 500 m² of this fabric on the small island.
The price of this cloth in New York is $120/yd².
<u>Question:</u>
How much money did he lose?
<u>The Process:</u>
We prepare 1 yd² in m².
Let's calculate the total cost of purchasing on the small island.
Then we find out also how many purchases if he bought in New York.
We can see the difference in total purchases made by the clothing maker when he decided to buy on the small island compared to New York. This difference is the loss he experienced.