We appreciate your visit to Suppose a bottle of wine produced in France sells for 55 If the exchange rate between euros and dollars is 1 1 50 how much. This page offers clear insights and highlights the essential aspects of the topic. Our goal is to provide a helpful and engaging learning experience. Explore the content and find the answers you need!
Answer :
To determine how much an American would pay for the bottle of wine in America, we need to convert the price from euros to dollars using the given exchange rate.
The price of the wine in euros is 55 euros. According to the exchange rate of €1 = $1.50, we can convert euros to dollars by multiplying the price in euros by the exchange rate:
Price in dollars = Price in euros * Exchange rate
Price in dollars = 55 euros * $1.50 = $82.50
Therefore, an American would pay approximately $82.50 for the bottle of wine in America, considering the exchange rate of €1 = $1.50.
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