unit 3 quiz
if $1 equals 6.21 Chinese yuan an item that cost 75 would be how much in American dollars?
To determine how much an item that costs ¥75 in Chinese yuan would cost in American dollars, we can use the provided exchange rate of $1 equals 6.21 Chinese yuan.
To calculate the cost in American dollars, we divide the cost in Chinese yuan by the exchange rate:
Cost in American dollars = Cost in Chinese yuan / Exchange rate
Substituting the given values:
Cost in American dollars = ¥75 / 6.21
To perform the calculation, let's use a calculator:
75 ÷ 6.21 = 12.08
Therefore, an item that costs ¥75 in Chinese yuan would be approximately $12.08 in American dollars.