The Japanese yen corresponds to the american dollar. If the exchange rate is 150 Yen for 1 Dollar, then A japanese car sold in america for $10,000 will bring in 1,500,000 yen. If the exchange rate changes to 120 yen for each dollar, then what price in dollars would the car have to be sold in america to bring the japanese 1,500,000 yen?
what is 1,150,000=salea price*120
How'd you get 1,150,000? The answer would be 9583 I think?
120x = 15000000
x = 12500
If the exchange rate is 120 yen for 1 american dollar, then 120 needs the be multiplied to the number of american dollars the car must be sold at (which we call x) , if you divide both sides by 120, you should get x = 12500.
The final answer is that the car would have sold at $12500 american dollars to bring 1500000 yen.
$1.00/120 yes = $x/1,500,00
x = 1500000/120
= 12500
bob and champ both got the same correct answer.
How did you ever get 9583 ?
To solve this question, we can set up a proportion using the exchange rate.
Let's say x is the price of the car in dollars that will yield 1,500,000 yen.
Using the initial exchange rate of 150 yen per dollar, we have:
10,000 dollars / 1 = x dollars / 1,500,000 yen
Cross-multiplying, we have:
10,000 * 1,500,000 yen = 1 * x dollars
15,000,000,000 yen = x dollars
Therefore, the price of the car in dollars would have to be $15,000,000,000.
Now, let's calculate the price of the car in dollars using the new exchange rate of 120 yen per dollar.
x dollars / 1 = 1,500,000 yen / 120
Cross-multiplying, we have:
x dollars = 1,500,000 * 1 / 120
x dollars = 12,500 dollars
Therefore, the price of the car in dollars to bring in 1,500,000 yen with the new exchange rate would have to be $12,500.