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C
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Difficulty:
15%
(low)
Question Stats:
86% (02:09) correct
14%
(02:37)
wrong
based on 229
sessions
History
Date
Time
Result
Not Attempted Yet
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
(A) $20.00
(B) $30.00
(C) $35.00
(D) $45.00
(E) $55.00
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02 Nov 2018, 04:55
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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
Posted from my mobile device
500 dollars = 775 Marks
Now, 1 mark = .60 dollar
775 mark = .60*775 = $465
500 - 465 = $35
C is the correct answer
Posted from my mobile device
02 Dec 2019, 06:43
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pushpitkc
Let's use equivalent ratios to solve this question
Ms. Rodes exchanged 500 United States dollars for German marks at an exchange rate of 1.55 marks per dollar.
In other words: marks/dollars = 1.55/1
So, we can write: x/500 = 1.55/1
Cross multiply to get: x = (500)(1.55) = 775
So, $500 is equal to 775 marks
When the trip was canceled, she exchanged the total amount of marks for dollars at an exchange rate of 0.60 dollar per mark.
So she now wants to exchange her 775 marks to dollars.
The new exchange rate is: dollars/marks = 0.6/1
So, we can write: y/775= 0.6/1
Cross multiply to get: y = (775)(0.6) = 465 dollars
What was the total amount, in dollars, that she lost through the two transactions?
Ms Rodes started with $500 and now has 465 dollars
$500 - $465 = $35
Answer: C
Cheers,
Brent
