Question

You can exchange $1 for either .9146 euro or .7249 British pounds. What is the cross-rate...

You can exchange $1 for either .9146 euro or .7249 British pounds. What is the cross-rate in terms of pounds per euro?

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Answer #1
Solution:
Cross-rate British pounds per Euro is £.7926/€
Working Notes:
Notes: To get cross rate we have use normal unitary method for solution
Euro exchange rate
$1 = Euro .9146 1 equation
British pound exchange rate
$1 = £ 0.7249 2nd equation
From 1st equation & 2nd equation
$1 = $1
Euro .9146 = £ 0.7249
Euro 1 = £ (0.7249/.9146)
Euro 1 = £ 0.792586923
Euro 1 = £ 0.7926
Hence Cross-rate    
pounds per euro is
British pounds 0.7926 per Euro
Please feel free to ask if anything about above solution in comment section of the question.
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