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24 Nov 2016, 03:06
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C
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Difficulty:
35%
(medium)
Question Stats:
78% (02:37) correct
22%
(03:00)
wrong
based on 339
sessions
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While abroad in London, Samson exchanged 250 dollars into pounds at an exchange rate of 1.25 dollars : 1 pound. Samson spent 25% of his pounds over the course of his trip. When he returned to the United States, pounds were now 20% more valuable. How much money, in dollars, did Samson have after the second exchange? Assume that there was no cost for either currency exchange.
A. 200 dollars
B. 210 dollars
C. 225 dollars
D. 240 dollars
E. 250 dollars
A. 200 dollars
B. 210 dollars
C. 225 dollars
D. 240 dollars
E. 250 dollars
24 Nov 2016, 03:24
Kudos
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1.25$ = 1p --> 5$ = 4p --> 250$ = 200p
Amount spent = (1/4)*200p = 50p
Amount remaining = 150p
Earlier: 1p = 1.25$
Now: 1p = 1.2 * 1.25 = (12/10)*(5/4) = 1.5$
150p = 150*1.5$ = 225$
Answer: C
Amount spent = (1/4)*200p = 50p
Amount remaining = 150p
Earlier: 1p = 1.25$
Now: 1p = 1.2 * 1.25 = (12/10)*(5/4) = 1.5$
150p = 150*1.5$ = 225$
Answer: C
24 Nov 2016, 03:40
Kudos
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250 dollars= 200 Pounds
25% 200 = 50
Left = 150 pounds.
Conversion Rate = 1.2 * 1.25* 150 = 225
25% 200 = 50
Left = 150 pounds.
Conversion Rate = 1.2 * 1.25* 150 = 225
