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Calculating the equivalent value of bicycle

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A bicycle manufactured in the United States costs $100. Using the exchange rates listed in Table 1, what would the bicycle cost in each of the following countries?

a. Argentina
b. Britain
c. Canada

Country US $ per currency Currency per US $
Argentina (peso) 0.3269 3.0590
Britain (pound) 1.7705 0.5648
Canada (dollar) 0.8583 1.1651

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Solution calculates the equivalent value of bicycle in the given countries.

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Argentina
If we refer to third column of given table, we find that
1 US $=3.0590 peso
Cost of bicycle in US $=$100
Cost of bicycle in ...

Solution provided by:
Lokesh Jain, MSc
Education
  • BEng (Hons) , Birla Institute of Technology and Science, India
  • MSc (Hons) , Birla Institute of Technology and Science, India
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