Refer to the table above. An international seafood supplier is offered 9.45 million yen today for 1 000 kilograms of abalone frozen in the shell. The abalone can be sourced from various countries at the prices shown above. The current market exchange rates between Australia and the other relevant currencies are also shown. In addition, $1 AUD = 105 yen. What is the value of the best deal the international seafood supplier can make, in Australian dollars?
A)$8 000
B)$10 000
C)$7 000
D)$5 000

Question

Quizplus · Accepted Answer

To find the best deal, convert 9.45 million yen to AUD using the exchange rate: 9,450,000 yen / 105 yen per AUD = $90,000 AUD. The supplier should choose the option that costs less than $90,000 AUD. If the table shows a price of $10,000 AUD for 1,000 kg of abalone, this would be the best deal.

Refer to the Table Above