Question

An iPhone costs £750 in London, €800 in Paris and $1,050 in New York.

Using £1 = €1.14 and £1 = $1.39, state the lowest price of the iPhone in £.
Give your answer to 2 dp.

Answer 1

The iPhone is cheapest in Paris, where it costs £701.75.

Explanation:

Divide each price by the conversion factor.

`\text{London: } \£750\\\text{Paris: } \text{EUR }800/1.14=\£701.75\\\text{New York: } \$1050/1.39=\£755.40`