Ethan had planned to visit his local post office on Saturday to exchange 400 pounds for euros. The exchange rate for that day was 1 pund to 1.25 euros however due to unforseen circumstances ethan arrived at the post office late.and had towait for monday to exchange 400 punds for euros.the new rate was 1 pound to 1.20 euros what percentage loss was caused by this delay
a) how many fewer euros did he recieve due to this delay
b)what percentage loss was caused by this day
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Answer:
exchange rate was £1 to €1.25
£400 = 400x 1.25 = €500
Monday the exchange rate was £1 to €1.20
£400 = 400x1.2 = €480
20 fewer euros
Step-by-step explanation:
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