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Before leaving on a trip, Ms. Rodes exchanged 500 United States dollar

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Before leaving on a trip, Ms. Rodes exchanged 500 United States dollar  [#permalink]

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New post Updated on: 02 Nov 2018, 03:21
00:00
A
B
C
D
E

Difficulty:

  25% (medium)

Question Stats:

86% (01:52) correct 14% (03:53) wrong based on 22 sessions

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Before leaving on a trip, Ms. Rodes exchanged 500 United States dollars for German marks at an exchange rate of 1.55 marks per dollar. When the trip was canceled, she exchanged the total amount of marks for dollars at an exchange rate of 0.60 dollar per mark. What was the total amount, in dollars, that she lost through the two transactions?

(A) $20.00
(B) $30.00
(C) $35.00
(D) $45.00
(E) $55.00

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Originally posted by pushpitkc on 02 Nov 2018, 03:19.
Last edited by Bunuel on 02 Nov 2018, 03:21, edited 1 time in total.
EDITED.
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Re: Before leaving on a trip, Ms. Rodes exchanged 500 United States dollar  [#permalink]

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New post 02 Nov 2018, 03:55
1 dollar = 1.55 German marks
500 dollars = 775 Marks
Now, 1 mark = .60 dollar
775 mark = .60*775 = $465

500 - 465 = $35

C is the correct answer

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Re: Before leaving on a trip, Ms. Rodes exchanged 500 United States dollar &nbs [#permalink] 02 Nov 2018, 03:55
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Before leaving on a trip, Ms. Rodes exchanged 500 United States dollar

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