Question

A college textbook is selling for​ (US) $140 in the United States. That same textbook sells in Canada for​ (CA) $150. The exchange rate is​ (CA) $1.10​ = (US)​ $1.00. Shipping costs are​ (US) $5.00. Ignoring the shipping costs. What is the U.S. price of the textbook purchased in​ Canada? (US) ​$nothing ​ (Enter your response rounded to the nearest penny.​) What is the Canadian price of the textbook purchased in the​ U.S.? (CA) ​$nothing ​(Enter your response rounded to the nearest penny.​) When you take shipping costs into​ account, are textbooks likely to be purchased in the U.S. and sold in​ Canada? A. Yes B. No When you take shipping costs into​ account, are textbooks likely to be purchased in Canada and sold in the​ U.S.?

Answer 1

(US)$136,36

(CA)$154

NO

NO

Step-by-step explanation:

Hi, to answer the first question we have to divide the price of the textbook in Canada $150(CA) by $1.10.( since (CA) $1.10 = (US) $1.00.)

U.S. price of the textbook purchased in Canada: 150/1.10 = (US)$136,36

Canadian price of the textbook purchased in the U.S: $140 x 1.10 = (CA)$154

Taking shipping costs into account, (US) $5.00 if we purchase the book in the U.S. and sold in it Canada, it will cost:

$154(CA) + (5(US) X 1.10 ) = 154 (CA) +5.5 (CA)= $159.5(CA)

The textbooks are likely to be purchased in Canada directly, because they are cheaper ( $159.5(CA) >$150(CA))

Taking shipping costs into account, if we purchase the book in the Canada and sold in it the US, it will cost:

$136 + $5 = $141

The textbooks are likely to be purchased in the USA directly, because they are cheaper ( $141(US) >$140(US))