Question

Hector would also like to see a professional sumo tournament while he is there, which would cost him ¥5,488. if the conversion rate of us dollars to japanese yen is 1:94.153 at the time of hector’s trip, how will this affect his budget? a. hector can see the sumo tournament and have about $322 left over. b. hector can see the sumo tournament and have about $86 left over. c. hector has exactly enough left in his budget to see the sumo tournament. d. hector cannot afford to see the sumo tournament, because it would put him over budget by almost $12.

Answer 1

Based on the exchange rate and Victor's budget, hector can see the sumo tournament and have about $322 left over.

How to find cost of Victor's tournament?

• Amount with Victor = $380

Conversion rate of US dollars to Japanese yen = 1 : 94.153

• Cost of the trip = ¥5,488

Ratio of dollar to Yuan

1 : 94.153 = x : 5,488

1/94.153 = x / 5,488

• cross product

1 × 5,488 = 94.153x

5,488 = 94.153x

x = 5,488 / 94.153

x = 58.2881055303601

Approximately,

x = $58

Amount left with Victor = Total money with Victor - amount spent

= $380 - $58

= $322

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