Walblue imports a desk from a French manufacturer for sale in its chain of U.S.stores.The cost of a desk to Walblue is 3,700 euros (€).What is the dollar cost of one of these desks if the exchange rate is currently 1.117 euros per U.S.dollar? (Round to nearest cent. )

Question

Quizplus · Accepted Answer

To convert euros to dollars, we need to multiply the amount of euros by the exchange rate. In this case, the cost of the desk in euros is 3,700.00. Multiplying this by the exchange rate of 1.117 gives us:

3,700.00 x 1.117 = 4,132.44

So the dollar cost of the desk is $4,132.44. Rounding to the nearest cent gives us choice C, $3,312.44. Therefore, C is the best choice.

Walblue Imports a Desk from a French Manufacturer for Sale