Question

If a couple plans to stay at a hotel for a week on the beaches of Tulum, Mexico, and it costs 7,000 pesos, _____. A. with an exchange rate of 9.5 pesos per dollar, the hotel stay will cost $777.77 B. with an exchange rate of 11 pesos per dollar, the hotel stay will cost $636.36 C. with an exchange rate of 9 pesos per dollar, the hotel stay will cost $823.53 D. with an exchange rate of 12 pesos per dollar, the hotel stay will cost $608.70

Answer 1

The correct answer is B.

The exchange rate expresses the number of pesos per US dollar, and only one of the four prices expresed in dollars has been properly calculated.

Let's apply the different exchang rates

• A. Cost in dollars= 7000/9.5= 736.84 $
• B. Cost in dollars= 7000/11= 636.63 $
• C. Cost in dollars= 7000/9= 777.77 $
• D. Cost in dollars= 7000/12= 583.33 $