If the Canadian dollar is worth18% less than the U.S. dollar, by what percentage does the U.S. dollar exceed the value of the Canadian dollar?
A) 15%
B) 18%
C) 24%
D) 21.95%
E) 20%

Question

Quizplus · Accepted Answer

If the Canadian dollar is worth 18% less than the U.S. dollar, it means that if the U.S. dollar is considered to be worth 1, the Canadian dollar is worth 0.82 (100% - 18% = 82%). To find out by what percentage the U.S. dollar exceeds the Canadian dollar, we calculate the difference in their values relative to the value of the Canadian dollar: (1 - 0.82) / 0.82 = 0.2195 or 21.95%.

If the Canadian Dollar Is Worth18% Less Than the U