If the Canadian dollar buys 82c in US currency, what would it cost in Canadian dollars to buy a Walkman advertised for $164.00 in the USA? (WITH STEPS)
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Given : Canadian dollar buys 82c in US currency,
To Find : what would it cost in Canadian dollars to buy a Walkman advertised for $164.00 in the USA
Solution:
1 Canadian dollar buys 82c in US
1 dollar = 100c
=> 100 c Canadian = 82c in US
=> 100 Canadian dollar buys 82 dollar in US
Canadian dollar required to buy 82 dollar in US = 100
=> Canadian dollar required to buy 1 dollar in US = 100/82
=> Canadian dollar required to buy 164 dollar in US = 164 x 100/ 82
= 2 x 100
= 200 $
cost 200 in Canadian dollars to buy a Walkman advertised for $164.00 in the USA
Learn More:
The first column is labeled Currency and entries Canadian dollar, Euro, Japanese yen, Indian rupee
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