Question

Exchange rates are 100 yen per dollar, 0.8 euro per dollar, and 12 pesos per dollar. A bottle ofbeer in New York costs 6 dollars, 500 yen in Tokyo, 6 euro in Munich, and 84 pesos in Cancun.Where is the most expensive and the cheapest beer, in that order?

A.Cancun, New York

B.Munich, Tokyo

C.Tokyo, Munich

D.New York, Cancun

Answer 1

B. Munich, Tokyo

Step-by-step explanation:

We will need to evaluate the cost of beer in dollars for each city.

We already know that bottle of beer in New York costs 6 dollars.

Bottle of beer in Tokyo will be 5 dollars, since 100yen is equal to $1. Therefore;

500yens/100yens per dollar = 5 dollars.

Bottle of beer in Munich will be 7.5 dollars, since 0.8 euro is equal to $1.

Therefore;

6euros/0.8euros per dollar =7.5 dollars

Bottle of beer in Cancun will be 7 dollars, since 12 pesos is equal to 1 dollar.

Therefore;

84pesos/12pesos per dollar= 7 dollars.

Therefore, the most expensive beer is found in Munich, while the cheapest is found in Tokyo