A bag of popcorn costs C$1.99 in Canada, and the same bag of popcorn costs US$1.99 in Morgan Hill, California, USA. What percentage more is the cost of the bag of popcorn in the US than in Canada? Use US$1.00 = C$1.0339 as the exchange rate.
A) 16.5%
B) 80.24%
C) 3.39%
D) 83.5%
E) 19.67%
Correct Answer:
Verified
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