Question

Andy travels from New York to London. He can buy 1.00 USD for 0.80 GBP and can sell 1.00 USD for 0.75 GBP. Andy converts 2000 USD into GBP.
a.) How many GBP does he receive?
b.) He spends 1200 GBP whilst in London and then converts the remaining GBP back to USD. Find how many GBP he has remaining.
c.) Calculate how many USD he receives.

Answer 1

so, andy sells 2000 USD. how many GBP does he get if 1 USD gets him 0.75 GBP?

Answer 2

would i multiply to get 1500?

Answer 3

yes, that is right.

Answer 4

so he has 1500 GBP. he spends 1200 GBP, how many has he left?

Answer 5

300 GBP

Answer 6

okay now he wants to buy USD with the remaining GBPs he has. if he gets 1 USD for every 0.8 GBP. how many USD will he get for 300 GBP?

Answer 7

would it be 240 USD?