Suppose the exchange rate is $0.01 per ¥ 1. An IBM computer selling for $1500 in New York would be sell for ____ in Tokyo.

Name: Suppose the exchange rate is $0.01 per ¥ 1. An IBM computer selling for $1500 in New York would be sell for ____ in Tokyo.
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Question

Quizplus · Accepted Answer

To find out the price in Tokyo, we need to convert the price of the computer in dollars to yen. 
$1 = ¥0.01
$1,500 = ¥0.01 x 1,500 = ¥15,0000
Therefore, the computer would sell for ¥150,000 in Tokyo.

Suppose the Exchange Rate Is $0