Lucy Arts LTD is a UK business selling its art products in Europe. The price per painting is £260.
The exchange rate between the pound and the Euro is £1 = €1.50
What would be the cost in Euros (to the nearest Euro) for a customer if they brought 500 paintings from Lucy Arts Ltd?
Select ONE answer:
- €86,667
- €173,333
- €175,500
- €195,000
Show the workings to arrive at your answer, and explain and justify your reasons:
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This multiple-choice question is suitable for Business Studies KS4 & KS3 classes
The answer is 4
£260 * 500 * 1.5
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