A bank in London, Ontario has a buying rate of CHF 1 = C$1.3325. If the exchange rate is CHF 1 = C$1.3619, calculate the rate of commission that the bank charges. % Round to two decimal places Closes In: 02:07:40 Questions Question 1 (3) O Question 2 (2) O Question 3 (3) Question 4 (2) O Question 5 (2) O Question 6 (3) Erik found US$110 in his attic and sold it to a bank that charged him a commission of 0.85%. How much did he receive from the bank? Assume that the exchange rate was C$1 = US$0.72. Round to the nearest cent Question 2 of 6 K Closes In: 02:07:28 Questions Question 1 (3) Question 2 (2) O Question 3 (3) Question 4 (2) Question 5 (2) Question 6 (3) A bank in Toronto charges 3.25% commission to buy and sell currencies. Assume that the current exchange rate is US$1 = C$1.3725. Question 3 of 6 a. How many Canadian dollars will you have to pay to purchase US$1,420? Round to the nearest cent b. How much commission in Canadian dollars (C$) will you pay the bank for the above transaction? Round to the nearest cent Closes In: 02:07:16 Questions O Question 1 (3) O Question 2 (2) Question 3 (3) O Question 4 (2) O Question 5 (2) O Question 6 (3) A clothing distributor in Ajax, Ontario sells a designer suit for $1,500 less a discount of 30.00%. Another distributor in Oshawa, Ontario sells a similar designer suit for $1,450 less a discount of 22.00%. a. Which distributor offers the cheaper price for the suit? O Ajax Seller O Oshawa Seller Question 4 of 6 b. What further trade discount should the distributor with the more expensive suit offer to match the price of the suit offered by the other distributor? Round to two decimal places Closes In: 02:06:53 Questions Question 1 (3) Question 2 (2) Question 3 (3) Question 4 (2) Question 5 (2) O Question 6 (3) The net price of an item after trade discounts of 30.00%, 11.00%, and 3.50% is $3,700.00. Question 6 of 6 a. Calculate the regular selling price of the goods. Round to the nearest cent b. Calculate the equivalent discount rate of the series of discount rates. % Round to two decimal places