In the United States,we can buy road bicycle for 3,500 USD.These bikes are identical in all aspects to bicycles from Taiwan that be purchased for 100,000 TWD (Taiwanese New Dollars)including shipping costs.What percentage (relative to $3,500 U.S.cost)can we save by buying the bike in Taiwan if the exchange rate is 1 USD for 30 TWD?

Question

Quizplus · Accepted Answer

The cost in Taiwan is 100,000 TWD, which at an exchange rate of 1 USD for 30 TWD equals 3,333.33 USD. The savings when buying the bike in Taiwan compared to the US price of 3,500 USD is 166.67 USD. The percentage saved relative to the US cost is (166.67 / 3,500) * 100 = 4.76%.

In the United States,we Can Buy Road Bicycle for 3,500