Author Question: A hamburger costs 1.79 in New York and 2.54 in Paris. If the exchange rate is 0.93 per euro, what ... (Read 27 times)

fahad · **on:** Jun 30, 2018

A hamburger costs 1.79 in New York and 2.54 in Paris. If the exchange rate is 0.93 per euro, what price difference exists in terms of the European currency?
a. The hamburger sells for 0.13 less in New York.
b. The hamburger sells for 0.13 more in New York.
c. The hamburger sells for 0.62 less in Paris.
d. The hamburger sells for 0.62 more in Paris.
e. The hamburger sells for the same price in both cities.

Question 2

Assume that the Danish krone DKK price of one British pound is DKK 10.5 . If it costs 45 pounds per day to rent a car in London and DKK 480.5 to do so in Copenhagen, which of the following is true?
a. The cost of renting a car is the same in both cities.
b. The cost of renting a car is DKK 8 less in London.
c. The cost of renting a car is DKK 45.76 less in London.
d. The cost of renting a car is DKK 10.67 more in Copenhagen.
e. The cost of renting a car is DKK 4.28 less in London.