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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 Preview

    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 Summary

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