Question

Traci needs to change $300 US Dollars into Euros. the exchange rate is 1 euro for 1.25 dollars. how many euros does Traci get for her dollars?

Answer 1

Let's begin by identifying key information given to us:

Amount = $300

Amount (after changing) = ?

Exchange rate: €1 = $1.25

We will calculate how much Euros Traci gets for her dollar using simple proportion:

$\begin{gathered} x=\text{\ }300 \\ \euro1=\text{\ }1.25 \\ \text{Cross multiply, we have:} \\ 1.25(x)=300\cdot1 \\ x=\frac{300}{1.25}=240 \\ x=\euro240 \end{gathered}$

Therefore, Traci gets €240 for her dollars