Suppose an exchange rate between Korean won and U.S.dollar is 1,000 Korean won per dollar.A hotel vacation package in Korea with a price of 500,000 Korean won will cost:

Question

Quizplus · Accepted Answer

To convert Korean won to U.S. dollars, we need to divide the amount by the exchange rate. So, to find the cost in dollars, we divide 500,000 by 1,000:

500,000 Korean won / 1,000 Korean won per dollar = $500

Therefore, the hotel vacation package in Korea with a price of 500,000 Korean won will cost $500 in U.S. dollars.

Suppose an Exchange Rate Between Korean Won and U