A case wine costs 128 Euros. If the exchange rate for one U.S. dollar is equal to 0.7442 Euro, What is the price of a case of French wine in U.S.dollars? My answer is $95.00 is it right.
You have it backwards. If you divide $128 by 0.7442, you'll find that a case of French wine costs about U.S. $172.
To find the price of a case of French wine in U.S. dollars, you need to convert the Euro price to U.S. dollars by using the exchange rate. Here's how you can calculate it:
Step 1: Divide the price in Euros by the exchange rate to get the equivalent price in U.S. dollars.
In this case, the price of the case of wine is 128 Euros and the exchange rate is 0.7442 Euros per U.S. dollar.
128 Euros / 0.7442 Euros per U.S. dollar = 172.053 U.S. dollars
So, the price of a case of French wine in U.S. dollars is approximately $172.05, not $95.00.