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The Patel family flies from their home town, H, to Kiruna , K , in Lapland.
Mr. Patel buys a bag of sweets.
The bag of sweets costs $$ $ 3.25$$.
Calculate the cost of the sweets in euros $$(\in)$$ when the exchange rate is $$\in1 = $1.24$$.
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Solution
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Cost of the sweets is $ $$3.25$$
Given $$\in 1=$1.24$$
Thus, cost of sweets in Euros is given by,$$C=\frac { 3.25 }{ 1.24 } $$
$$C=\frac { 3.25 }{ 1.24 } $$
$$\therefore C=\in 2.62$$
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