Business Studies Multiple Choice Question – 3 August 2020

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

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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:

  1. £625
  2. £500
  3. £400
  4. £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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