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tensa zangetsu
1 month ago
8

The exchange rate for the yuan is quoted at 6.58 to the us$ if this changes to 6.25 yuan, what would be the change in price

Business
1 answer:
Scilla [3.2K]1 month ago
4 0
To calculate the change in price, the current local price of the yuan must be identified. Then, find the difference between the reciprocals of the two exchange rates, and multiply by the local price. Here's the calculation: change in price = 275 × (1 / 6.58 − 1 / 6.25) Hence, the price change amounts to $2.21.
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