Photo AI
The exchange rate between the pound and the euro is £1 = €1.25 - Edexcel - GCSE Business - Question 9 - 2015 - Paper 1
Question 9
The exchange rate between the pound and the euro is £1 = €1.25. What would be the cost, in euros, of 425 units? Select one answer: A €452.25 B €531.25 C €11 050.0... show full transcript
Worked Solution & Example Answer:The exchange rate between the pound and the euro is £1 = €1.25 - Edexcel - GCSE Business - Question 9 - 2015 - Paper 1
Step 1
Calculate the Total Cost
Answer
To find the cost in euros of 425 units, we need to multiply the number of units by the exchange rate.
Given the exchange rate:
[
1 ext{ pound} = 1.25 ext{ euros}
]
The formula for the total cost in euros is:
[
ext{Total Cost} = ext{Number of Units} \times ext{Exchange Rate}
]
Substituting the values: [ ext{Total Cost} = 425 \times 1.25 ext{ euros} ] [ ext{Total Cost} = 531.25 ext{ euros} ] Thus, the cost of 425 units in euros is €531.25.
Step 2