Question

TravelEz sells dollars at a rate of ($1.40)/(1 euro) and buys dollars at a rate of ($1.80)/(1 euro). At the beginning of a trip, Sophie exchanged $540 to get 300 euros. At the end of the trip she is left with 40 euros, so she exchanges the 40 euros back to dollars. How many dollars will Sophie get in exchange

Answer 1

Answer:

Sophie will get $56 in exchange.

Step-by-step explanation:

Given:

TravelEz sells dollars at a rate of ($1.40)/(1 euro).

And dollars they buy at a rate of ($1.80)/(1 euro).

Sophie exchanged $540 to get 300 euros, at the beginning of trip.

And, she is left with 40 euros at the end of trip.

So exchanges the euros back to dollars.

Now, to find the dollars Sophie will get in exchange.

Let the dollars Sophie will get in exchange be $x.$

The rate at which TravelEz sells dollars = $\frac{\ 1.40}{1\ euro}$

Number of euros Sophie is left with = $40.$

Now, to get the dollars she will get we set proportion:

As, $\ 1.40$ is equivalent $1\ euro$.

So, $x$ is equivalent to $40\ euros$.

Thus,

$\frac{1.40}{1} =\frac{x}{40}$

By cross multiplying we get:

$56=x$

$x=\ 56.$

Therefore, Sophie will get $56 in exchange.