Chapter 11.4, Problem 21PPS

(a)

To determine

To find the scarf cost in US dollars when the scarf costs $18$ Euros and exchange rate is $1$ US dollars $=$ $0.73$ Euros

Answer to Problem 21PPS

The cost of Scarf is $24.66$ US dollars.

Explanation of Solution

Given:

Exchange rate: $1$ US dollars $=$ $0.73$ Euros

Cost of scarf $=$ $18$ Euros

Calculation:

Given: Exchange rate: $1$ US dollars $=$ $0.73$ Euros

Thus, $1$ Euro $=$ $\frac{1}{0.73}$ US dollars

  $1$ Euro $=$ $1.37$ US dollars

Now, the Cost of Scarf in Euros $=$ $18$

Thus, the Cost of Scarf in US dollars $=$ $18\times 1.73$

Cost of Scarf in US dollars $=$ $24.66$

Conclusion:

Hence, the cost of Scarf is $24.66$ US dollars.

(b)

To determine

To find the scarf cost in Canadian dollars when the scarf costs $18$ Euros and exchange rate is $1$ Canadian dollars $=$ $0.69$ Euros

Answer to Problem 21PPS

The cost of Scarf is $26.1$ Canadian dollars.

Explanation of Solution

Given:

Exchange rate: $1$ Canadian dollars $=$ $0.69$ Euros

Cost of scarf $=$ $18$ Euros

Calculation:

Given: Exchange rate: $1$ Canadian dollars $=$ $0.69$ Euros

Thus, $1$ Euro $=$ $\frac{1}{0.69}$ Canadian dollars

  $1$ Euro $=$ $1.45$ Canadian dollars

Now, the Cost of Scarf in Euros $=$ $18$

Thus, the Cost of Scarf in Canadian dollars $=$ $18\times 1.45$

Cost of Scarf in Canadian dollars $=$ $26.1$

Conclusion:

Hence, the cost of Scarf is $26.1$ Canadian dollars.