Question

The price of a dozen roses in the united states is $30. if $0.3472 can purchase 1.00 turkish lira, how much does the same dozen roses cost in turkey if purchasing power parity holds

Answer 1

well $30 is 185.02 in turkish lira.

Answer 2

For this case we can make the following rule of three:
0.3472 $ -----> 1.00 turkish lira
$ 30 -----------> x
Clearing x we have:
x = (30 / 0.3472) * (1)
x = 86.40552995 turkish lira
Answer:
the same dozen roses costs:
x = 86.40552995 turkish lira