melpSave & CXIT SL Currently, you can exchange $1 for either $105.90 or €7562 in New...

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melpSave & CXIT SL Currently, you can exchange $1 for either $105.90 or €7562 in New York. In Tokyo, the exchange rate is 1€.

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Answer 1

Answer #1

Step 1: convert dollars into yen

1250 * 105.90 yen = 132,375 yen

Step 2 : Convert Yen into euros

132,375 * 0.0076 = 1,006.05 euros

Step 3: convert euros into dollars

1,006.05 euros / 0.7562 = $1,330.40

Profit = $1,330.40 - $1,250 = $80.40

Profit = $80.40

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Answer 2

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