Answer:
Rounded to the nearest dollar, Bob saved $677 by buying the carpet on Wednesday.
Step-by-step explanation:
Since on Tuesday, Bob brought home an oriental carpet on approval and the price in the store was 9900 Turkish Lira, but Bob was going to pay in dollars and, on Tuesday, one dollar was worth 4.5 Turkish Lira but on Wednesday, the Turkish Lira was devalued such that one dollar was now worth 6.5 Turkish Lira, with which Bob then bought the rug on Wednesday, paying the price of 9900 Turkish Lira with dollars at the new rate, to determine to the nearest dollar, how much did he save due to the devaluation the following calculation must be performed:
(9,900 / 4.5) - (9,900 / 6.5) = X
2,200 - 1,523.07 = X
676.92 = X
So, rounded to the nearest dollar, Bob saved $ 677 by buying the carpet on Wednesday.
