urgent help needed

Question

Bernie, a senior sales representative, at a multinational company, travelled from Canada to japan, via the UK, He left Canada with C$ 8000, when he reached the UK, he converted all his cash to British pounds. the conversion rate was British pounds= C$1.8431. after spending 1000 pounds, he left for Japan where the converted the remaining British pounds to Japanese yen at an exchange rate of yen1=British pounds 0.005878, he spent 125,400 yen in Japan and finally returned to Canada. based on the information in this question, calculate the number of Canadian dollars he received when he converted the remaining Japanese yen to Canadian dollars .

Answer 1

Let's do this step by step.

 

 

1. Convert C$ to BP

 

C$ 8000 × 1 BP / C$ 1.8431 = 8000/1.8431 BP = 4340.51 BP

 

 

2. Spend 1000 BP

 

4340.51 - 1000 = 3340.51 BP

 

 

3. Convert BP to yen

 

3340.51 BP × 1 yen / 0.005878 BP = 3340.51/0.005878 yen = 568,307.25 yen

 

 

4. Spend 125,400 yen

 

568,307.25 - 125,400 = 442,907.25 yen

 

 

5. Convert yen to C$

 

442,907.25 yen × 0.005878 BP / 1 yen × C$ 1.8431 / 1 BP = C$ (442,907.25)(0.005878)(1.8431) = C$ 4798.34