Green's Manufacturing, Inc. has contracted to sell certain goods to a company in Norway. The price agreed upon for the goods is 150,000 Norwegian kroners. On the date the contract was signed, the Foreign Currency in dollars column in the financial section of the local paper showed that the Norwegian krone was valued at .185028. If the Norwegian krone rose to .1950 on the date of payment, compute how much Green's Manufacturing, Inc. gained by contracting in Norwegian kroners instead of U.S. dollars.

Question

Green's Manufacturing, Inc. has contracted to sell certain goods to a company in Norway. The price agreed upon for the goods is 150,000 Norwegian kroners. On the date the contract was signed, the Foreign Currency in dollars column in the financial section of the local paper showed that the Norwegian krone was valued at .185028. If the Norwegian krone rose to .1950 on the date of payment, compute how much Green's Manufacturing, Inc. gained by contracting in Norwegian kroners instead of U.S. dollars.​

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The Answer of Green's Manufacturing, Inc. has contracted to sell certain goods to a company in Norway. The price agreed upon for the goods is 150,000 Norwegian kroners. On the date the contract was signed, the Foreign Currency in dollars column in the financial section of the local paper showed that the Norwegian krone was valued at .185028. If the Norwegian krone rose to .1950 on the date of payment, compute how much Green's Manufacturing, Inc. gained by contracting in Norwegian kroners instead of U.S. dollars.​