Question

The Japanese Yen corresponds to the American Dollar. If the exchange rate is 150 Yen for 1 Dollar, then a Japanese car sold in America for $10,000 will bring in 1,500,000 Yen. If the exchange rate changes to 120 Yen for each Dollar, then what price in Dollars would the car have to be sold in America to bring the Japanese 1,500,000 Yen?

Answer 1

125,000

Explanation:

Take the Japanese yen and divide by 12

1,500,000 divided by 12 = 125,000