
You have £100. A friend of yours wants to exchange C$175 for your £100. What will be your profit or loss in pounds if you accept your friend's offer assuming you can exchange C$1 for $.9134 and exchange £1 for $1.7240?
A) £7.28 loss
B) £3.29 loss
C) £2.51 loss
D) £1.20 profit
E) £2.51 profit
Correct Answer:
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