Suppose International Trading Enterprises purchased 25,000 kilograms of Belgian chocolate for a price of 100,000 euros.If the current exchange rate is .69368 euros to the U.S.dollar,what is the purchase price of the chocolate in dollars?

Question

Quizplus · Accepted Answer

To convert 100,000 euros to dollars, we multiply by the exchange rate:
100,000 euros * 0.69368 dollars/euro = $69,368
Therefore, the purchase price of the chocolate in dollars is $69,368. However, the answer choices do not have commas or decimals, so we need to remove the comma from "$14,416" and add a 0 to "$69,368" to get the answer in the correct format: 
D) $144,159

Suppose International Trading Enterprises Purchased 25,000 Kilograms of Belgian Chocolate