If a hotel room in Italy,priced at 120 000 lira per night,can be purchased for 80 Australian dollars,the exchange rate is:

Question

Quizplus · Accepted Answer

To find the exchange rate, we need to divide the cost of the hotel room in lira by the price in Australian dollars:

Exchange rate = 120,000 lira ÷ 80 Australian dollars 
Exchange rate = 1,500 lira per dollar

Therefore, the correct answer is (C) 1500 lira per dollar.

If a Hotel Room in Italy,priced at 120 000 Lira