Sports Tours Ltd has been organising football tours to Munich, Germany since 2010 - Edexcel - GCSE Business - Question 5 - 2021 - Paper 1
Question 5
Sports Tours Ltd has been organising football tours to Munich, Germany since 2010. The price of a hotel room in Munich in 2010 was €100.
Table 2 shows the value of ... show full transcript
Worked Solution & Example Answer:Sports Tours Ltd has been organising football tours to Munich, Germany since 2010 - Edexcel - GCSE Business - Question 5 - 2021 - Paper 1
Step 1
Using the information in Table 2, calculate, to 2 decimal places, the price in pounds (£) of a hotel room in 2010.
96%
114 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
To find the price in pounds (£) for the hotel room in 2010, we can use the relation:
extPriceinpounds(£)=Number of euros per pound (£)Price in euros (€)
Substituting the values:
extPriceinpounds(£)=1.23100≈81.30
Thus, the price in pounds (£) of the hotel room in 2010 is approximately £81.30.
Step 2
Using the information in Table 2, calculate, to 2 decimal places, the price in pounds (£) of a hotel room in 2019.
99%
104 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
Similarly, for the hotel room in 2019, we apply the same formula:
extPriceinpounds(£)=Number of euros per pound (£)Price in euros (€)
Substituting the values:
extPriceinpounds(£)=1.13130≈115.04
Therefore, the price in pounds (£) of the hotel room in 2019 is approximately £115.04.
