In the United States, we can buy a pair of shoes for $58. These shoes are identical in every way, shape, and form to a pair of shoes from Japan that be purchased for ¥7,200 including shipping costs. From whom should we order the shoes if we can exchange $1 for ¥120?

Question

Quizplus · Accepted Answer

The shoes from the U.S. cost $58, while the shoes from Japan cost ¥7,200. Since $1 can be exchanged for ¥120, the shoes from Japan cost $7,200 / 120 = $60. Therefore, we save $2 by buying the shoes from the U.S.

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