Business Studies Multiple Choice Question – 11 January 2020

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

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:

  1. €86,667
  2. €173,333
  3. €175,500
  4. €195,000

 

Show the workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Business Studies KS4 & KS3 classes

The answer is 4

£260 * 500 * 1.5

 

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