Before Mr. and Mrs. Percival left for Great Britain, they purchased British pounds at an exchange rate
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Before Mr. and Mrs. Percival left for Great Britain, they purchased British pounds at an exchange rate of C$1.8797 = £1.00. When they returned to Canada eight weeks later they converted their remaining £242 back to Canadian currency at the rate of C$1.9035 = £1.00. How much did they gain or lose in Canadian dollars on the round-trip transaction involving the £242?
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Related Book For
Fundamentals Of Business Mathematics In Canada
ISBN: 9781259370151
3rd Edition
Authors: F. Ernest Jerome, Jackie Shemko
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