Question

Charlotte is visiting Brazil and is looking at souvenirs to purchase. She finds a jersey that costs 110 Brazilian real. If the current exchange rate is 1 dollar:5.43 Brazilian real, how much does the jersey cost in U.S. dollars?

a. $4.94
b. $20.26
c. $104.57
d. $597.30

Answer 1

$20.26

Since the exchange rate is 1:5.43, you would divide 110/5.43. Since you can’t have part of a penny, the answer rounds up to $20.26