In France, grapes are 1.95 euros per kilogram. What is the cost of grapes, in dollars per pound, if the exchange rate is 1.14 dollars/euro? (2.6)

Ans: 1.00 dollar/pound

Given:

Cost of grapes = 1.95 euro/kg

Exchange rate = 1.14 dollars/euro

To determine:

Cost of grapes in dollars/pound

Explanation:

It is given that:

1 euro = 1.14 dollars

1.95 euro = 1.14 dollars * 1.95 euro/1 euro = 2.22 dollars

Now:

1 kg = 2.20 pounds

Cost of grapes in dollars/pound = 1 pound * 2.22 dollars/2.20 pounds

= 1.00 dollar/pound