Venkat Ram purchased a pair of dress shoes in Italy for €131.25. If the spot exchange rate is $1.5621/€, what did the shoes cost in dollars? (Round your final answer to two decimal places.)

Question

Quizplus · Accepted Answer

To find out what the shoes cost in dollars, we need to convert the euro amount to dollars using the spot exchange rate:

€131.25 x $1.5621/€ = $205.03

Therefore, the answer is A) $205.03.

Venkat Ram Purchased a Pair of Dress Shoes in Italy