Suppose the exchange rate is $1 per ¥ 100. A SONY television selling for ¥ 30,000 in Tokyo would be sell for ____ in New York.

Name: Suppose the exchange rate is $1 per ¥ 100. A SONY television selling for ¥ 30,000 in Tokyo would be sell for ____ in New York.
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Question

Quizplus · Accepted Answer

To convert the price of the TV from yen to dollars, we need to divide the yen price by the exchange rate:

30,000 yen ÷ 100 yen/dollar = 300 dollars

Therefore, the TV would sell for $300 in New York.

Suppose the Exchange Rate Is $1 Per ¥ 100