Lucy imports high quality pasta from Southern Italy for sale at his delicatessen in Stafford.
The exchange rate between the pound (£) and the euro (€) is important for Lucy.
She buys 100 kg of pasta every month. The price of pasta is €5 per kg.
In May, the exchange rate is £1.00 = €1.25. How much does Lucy have to pay to buy her pasta?
Select ONE answer:
- £625
- £500
- £400
- £250
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 3
(100kg * €5) / €1.25 = £400
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