Business Studies Multiple Choice Question – 12 January 2020

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

Business Studies

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:

  1. $720,000
  2. $360,000
  3. $270,000
  4. $180,000

 

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 1

£360 * 1000 * 2

 

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Author: stuart001uk2014

Referral marketing, business, economics and accounting s​pecialist & corporate mentor

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