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A businessman has just completed transactions in Italy and England. He is now holding 200,000 and 300,000 and wants to convert to U.S. dollars. His

A businessman has just completed transactions in Italy and England. He is now holding 200,000 and 300,000 and wants to convert to U.S. dollars. His currency dealer provides this quotation:

Please calculate his dollar revenue after the conversions.

GBP/USD USD/EUR Bid 0.5015/$ $ 1.47397 Ask 0.5076 /$ $ 1.4774 /

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