1. An employee earned $700.70 for 50 hours of work during last week. His regular work week is 40 hours and he gets overtime at time and one-half (1.5 times) the regular rate of pay. What is the regular hourly rate of pay? A/ Question 5 (1 point) John exchanged his Canadian dollars for United States dollars prior to a trip to Chicago. He exchanged $2,000 Canadian at an exchange rate of $0.9427 Canadian for $1.00 U.S. What amount of U.S. currency did he receive? A/ Question 6 (1 point) The Ski Shop buys skis for $264.00 less 25%, and marked them up by 120% of cost. During a sale the skis were marked down 40%. What was the sale price