Lucy Arts LTD is a UK business selling its art products in Europe. The price per painting is £360.
The exchange rate between the pound and the Dollar is £1 = $2
What would be the cost in Dollars (to the nearest dollar) for a customer if they brought 1000 paintings from Lucy
Select ONE answer:
- $720,000
- $360,000
- $270,000
- $180,000
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 1
£360 * 1000 * 2
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