The exchange rate is £1.00 = €1.35 - Edexcel - GCSE Business - Question 16 - 2018 - Paper 1
Question 16
The exchange rate is £1.00 = €1.35. How much does Georgio have to pay, in pounds (£), to buy the feta cheese each month?
He buys 750 kg of feta cheese from Greece e... show full transcript
Worked Solution & Example Answer:The exchange rate is £1.00 = €1.35 - Edexcel - GCSE Business - Question 16 - 2018 - Paper 1
Step 1
Calculate the total cost in Euros
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Answer
To find the total cost in euros, we multiply the weight of cheese by the cost per kilogram:
750extkgimes€13/extkg=€9750
Step 2
Convert the total cost from Euros to Pounds
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Answer
Using the exchange rate of £1.00 = €1.35, we can convert euros to pounds:
