A college textbook is selling for (US) $140 in the United States. That same textbook sells in Canada for (CA) $150. The exchange rate is (CA) $1.10 = (US) $1.00. Shipping costs are (US) $5.00. Ignoring the shipping costs. What is the U. S. price of the textbook purchased in Canada? (US) $

Question

Business

Logan Schmidt

20 November, 21:38

A college textbook is selling for (US) $140 in the United States. That same textbook sells in Canada for (CA) $150. The exchange rate is (CA) $1.10 = (US) $1.00. Shipping costs are (US) $5.00. Ignoring the shipping costs. What is the U. S. price of the textbook purchased in Canada? (US) $

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Answers (2)

Know the Answer?

Cameron Lin · Answer 1

Cameron Lin 21 November, 00:41

0

the reponse is answer 145$

Clicker · Answer 2

The U. S. price of the textbook purchased in Canada is of $135.

Explanation:

Assuming that the exchange rate is CA $1.10 = US $1.00, we can say that a Canadian Dollar is 10/11 or 0.90 of an American Dollar. As the textbook costs CA $150, we have to multiply 150 by the value of a Canadian Dollar with respect to an American Dollar: 150 x 0.90 = 135. Therefore, the U. S. price of the textbook purchased in Canada is of US $135.