Using an exchange rate of ¥88.313 per C$, calculate the number of yen that C$900 could be purchased after giving away a commission of 2.5%. Round your answer to nearest yen?
A) ¥77 495
B) ¥79 482
C) ¥81 469
D) ¥81 520
E) ¥77 483

Question

Quizplus · Accepted Answer

First, calculate the amount of Canadian dollars after the commission: C$900 - (2.5% of C$900) = C$900 - C$22.5 = C$877.5. Then, convert C$877.5 to yen using the exchange rate: C$877.5 * ¥88.313 = ¥77,495.1375, which rounds to ¥77,495.

Using an Exchange Rate of ¥88