Question

Travel Ez sells dollars at a rate of ($1.40)/(1 euro) and buys dollars at a rate of ($1.80)/(1 euro). At the beginning of a trip, Sophie exchanged $540 to get 300 euros. At the end of the trip she is left with 40 euros, so she exchanges the 40 euros back to dollars. How many dollars will Sophie get in exchange?

a. $72.
b. $22.
c. $56.
d. $28.

Answer 1

C

Explanation:

In the first instance, he wanted buying euros in exchange for his dollars. He had $540 and wanted to buy euros. The conversion factor here is that for every 1 euro, he pays $1.80

Now at the second instance, he wanted buying dollars with his left over euros. This means for every 1 euro, he gets $1.4

Since, he is having 40 euros, the total amount in dollars he would get will be 40 * $1.4 = $56