Suppose International Trading Enterprises purchased 25 000 kilograms of Greek olive oil for a price of 100,000 euros.If the current exchange rate is 0.95 euro to the US dollar, what is the purchase price of the oil in dollars?

Question

Quizplus · Accepted Answer

To find the purchase price in dollars, we need to convert 100,000 euros to dollars. 
100,000 euros x 0.95 dollars/euro = 95,000 dollars 
Therefore, the purchase price of the oil in dollars is $95,000.

Suppose International Trading Enterprises Purchased 25 000 Kilograms of Greek