Exchange rates are 100 yen per dollar,0.8 euro per dollar,and 12 pesos per dollar.A bottle of beer in New York costs 6 dollars,500 yen in Tokyo,6 euro in Munich,and 84 pesos in Cancun.Where is the most expensive and the cheapest beer,in that order?
A)Cancun,New York
B)Munich,Tokyo
C)Tokyo,Munich
D)New York,Cancun

Question

Quizplus · Accepted Answer

To compare the prices of the beers, we need to convert all the prices into the same currency, which we can choose to be dollars. 
- A beer in New York costs 6 dollars. 
- A beer in Tokyo costs (500 yen / 100 yen per dollar) = 5 dollars. 
- A beer in Munich costs (6 euro / 0.8 euro per dollar) = 7.5 dollars. 
- A beer in Cancun costs (84 pesos / 12 pesos per dollar) = 7 dollars. 
Thus, the most expensive beer is in Munich and the cheapest beer is in Tokyo.

Exchange Rates Are 100 Yen Per Dollar,0