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Sports Tours Ltd has been organising football tours to Munich, Germany since 2010 - Edexcel - GCSE Business - Question 5 - 2021 - Paper 1
Question 5
Sports Tours Ltd has been organising football tours to Munich, Germany since 2010. The price of a hotel room in Munich in 2010 was €100. Table 2 shows the value of ... show full transcript
Worked Solution & Example Answer:Sports Tours Ltd has been organising football tours to Munich, Germany since 2010 - Edexcel - GCSE Business - Question 5 - 2021 - Paper 1
Step 1
Using the information in Table 2, calculate, to 2 decimal places, the price in pounds (£) of a hotel room in 2010.
Answer
To find the price in pounds (£) of the hotel room in 2010, we need to divide the original price in euros (€100) by the value of the pound in euros in June 2010 (1.23):
ext{Price (£)} = rac{€100}{1.23}
Calculating this gives:
Thus, the price of the hotel room in pounds in 2010 is £81.30.
Step 2
Using the information in Table 2, calculate, to 2 decimal places, the price in pounds (£) of a hotel room in 2019.
Answer
To find the price in pounds (£) of the hotel room in 2019, we divide the increased price in euros (€130) by the value of the pound in euros in June 2019 (1.13):
ext{Price (£)} = rac{€130}{1.13}
Calculating this results in:
Therefore, the price of the hotel room in pounds in 2019 is £115.04.