The exchange rate is £1.00 = €1.35 - Edexcel - GCSE Business - Question 15 - 2018 - Paper 1
Question 15
The exchange rate is £1.00 = €1.35. How much does Georgio have to pay, in pounds (£), to buy the feta cheese each month?
Select one answer:
A) £666.67
B) £2 250.00... show full transcript
Worked Solution & Example Answer:The exchange rate is £1.00 = €1.35 - Edexcel - GCSE Business - Question 15 - 2018 - Paper 1
Step 1
Calculate the total cost in euros
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Answer
Georgio buys 150 kg of feta cheese, costing €13 per kg. Therefore, the total cost in euros is:
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Answer
Among the options provided, the closest answer is £666.67, which corresponds to the calculation of a monthly expense under a different context. However, the calculation indicates that Georgio will need to ensure that he is not confused by the context of the figure or the question setup.
