Question
A certain commodity cost 0.4 pound sterling in the United Kingdom. In U.S. denominated?dollars, this same item can be purchased for 85 cents. The exchange
A certain commodity cost 0.4 pound sterling in the United Kingdom. In U.S. denominated?dollars, this same item can be purchased for 85 cents. The exchange rate is 1 pound sterling=?$1.90 U.S.
a. Should this commodity be purchased in the United Kingdom or in the United?States?
b. If 110,000 items comprise the purchase?quantity, how much can be saved in view of your answer to Part?(a)?
a. Should this commodity be purchased in the United Kingdom or in the United?States? Choose the correct answer below.
UnitedKingdom
UnitedStates
b. You can save ?(Round to the nearest?dollar.)
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