In the United States,we can buy a pair of shoes for $105.These shoes are identical in all aspects to a pair of shoes from Japan that be purchased for ¥11,000 including shipping costs.What percentage (relative to $105 U.S.cost)can we save by buying the shoes in Japan if the exchange rate is $1 for ¥112?

Question

Quizplus · Accepted Answer

First, we need to convert the cost of the shoes in Japan from yen to dollars.

¥11,000 ÷ 112 = $98.21

This means that we can save:

$105 (US cost) - $98.21 (Japan cost, converted to USD) = $6.79

To find the percentage of savings relative to $105, we divide the amount saved by the original cost and multiply by 100:

($6.79 ÷ $105) × 100 ≈ 6.46%

Therefore, we can save approximately 6.46% by buying the shoes in Japan. The answer is C.

In the United States,we Can Buy a Pair of Shoes