Question

Sebastian owns a hair salon and is considering introducing a new Moroccan Oil hair treatment. He found two suppliers. The first supplier, Golden Hair Products is located in Europe and will ship the product in boxes of twenty 275 ml bottles at a price of 372.52 EUR per box. The other supplier, ABC Hair, is in the US and sells the treatment in one gallon containers at a price of 318.42 USD per container. Convert both prices into Canadian dollars per litre Use the following rates: 1 litre = 1,000ml 1 gallon = 3.8 litre 1 USD = 1.12 CAD 1 CAD = 0.709 EUR 5. You are planning a winter surfing Vacation. You will begin on the North Shore in Hawaii, try to catch the fifty year storm at Bell's Beach, Australia and finish your trip with a little longboarding on New Zealand's North Island. You estimate you will need $500 in each currency. (a) How much Canadian will you need to spend? (b) When you land in Auckland NZ you discover that you still have $65 US and $90 AUS in your wallet. How much NZ currency can you get? Currency In CAD (1 unit of foreign currency buys __CAD) Australia (AUD) 0.8423 USA (USD) 1.1218 New Zealand (NZD) 0.7168 Solutions: 1. $600 US 2. $1.25 3. $1.50/bottle 4. Golden Hair: $95.53/litre ABC Hair: $93.85/litre 5. (a) $1,340.45 (b) $207.48

Answer 1

Solution 4

Golden hair products will supply 20 275ml bottles in one box at 372.52 EUR per box

Quantity in one box = 20*275ml = 5500ml or 5.5 litres (1 litre = 1000ml)

So cost of 5.5 litres at 372.52 EUR

by calculation, cost of 1 litre = 372.52/5 = 67.7309 EUR

1 CAD = 0.709 EUR (given) or 1 EUR = 1/0.709 CAD, this is 1 EUR = 1.4104 CAD

So, 67.309 EUR = 1.4104*67.309 = 95.53 CAD

Rate of Golden Hair Products = 95.53 CAD per litre

ABC hair will supply 1 gallon at 318.42 USD

As 1 gallon = 3.8 litres,

ABC Hair product rate per litre = 318.42/ 3.8 = 83.9747 USD

Rate of 1 litre = 83.9747 USD

1 USD = 1.12 CAD (given)

So, 83.9747 USD = 83.9747*1.12 = 93.85 CAD

rate of ABC Hair = 93.85 CAD per litre

Solution 5

1 unit of Australian dollar will buy 0.8423 Canadian dollars

500 unit of Australian dollar will buy 0.8423*500 = 421.15 Canadian dollars

1 unit of USA dollar will buy 1.1218 Canadian dollars

500 unit of USA dollar will buy 1.1218*500 = 560.9 Canadian dollars

1 unit of New Zealand dollar will buy 0.7168 Canadian dollars

500 unit of New Zealan dollar will buy 0.7168*500 = 358.4 Canadian dollars

Total Canadian dollars required = 421.15 + 560.90 + 358.40 = 1340.45 dollars