Suppose Laforge is selling wines to Brazil for reals 5,500 when the exchange rate is R 1 = €0.68. If the real rises to €0.71, what price must Laforge charge to maintain its unit revenue in euros?

Name: Suppose Laforge is selling wines to Brazil for reals 5,500 when the exchange rate is R 1 = €0.68. If the real rises to €0.71, what price must Laforge charge to maintain its unit revenue in euros?
Brand: Quizplus
Rating: 4.9 (60 reviews)

Question

Quizplus · Accepted Answer

5,500 × .68 / .71 = 5,268

Suppose Laforge Is Selling Wines to Brazil for Reals 5,500