Edexcel Gcse Mathematics (Linear) 1ma0 Worksheet - Exchange Rates Page 8
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8The exchange rate in London is £1 = €1.14
10.
The exchange rate in Paris is €1 = £0.86
Elaine wants to change some pounds into euros.
In which of these cities would Elaine get the most euros?
You must show all of your working.
.....................................
(4 marks)
11. Stephen imports cars from the USA. He sells them in the UK.
He has just bought a car in the USA costing $24 000.
It cost him £900 to import the car to the UK.
The exchange rate is £1 = $1.45
Stephen needs to make a profit of 20% on his total costs.
Work out the least amount that Stephen must sell the car for in the UK.
Give your answer in pounds.
£ …………………….
(4 marks)
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