Before Mr. and Mrs. Percival left for Great Britain, they purchased British pounds at an exchange rate of C$1.5645 = £1.00. When they returned to Canada 8 weeks later they converted their remaining £242 back to Canadian currency at the rate of C$1.5862 = £1.00. How much did they gain or lose in Canadian dollars on the round-trip transaction involving the £242?

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The Answer of Before Mr. and Mrs. Percival left for Great Britain, they purchased British pounds at an exchange rate of C$1.5645 = £1.00. When they returned to Canada 8 weeks later they converted their remaining £242 back to Canadian currency at the rate of C$1.5862 = £1.00. How much did they gain or lose in Canadian dollars on the round-trip transaction involving the £242?

Before Mr and Mrs