Florin and Guilder are two countries separated by a narrow sea.They use currencies called, respectively, the Flop and the Gulp.

Suppose the nominal exchange rate is 5 Flops per Gulp.

A Guilderian trader buys a 40 Flop barrel of Florish pickles by exchanging 8 Gulps, and a Florish trader buys a 10 Gulp crate of Guilderian apples by exchanging 50 Flops.

Then the Gulp depreciates to 2 Flops per Gulp.

Instructions:Enter your answers as whole numbers.

a.How much mustthe Guilderianpayfor the same 40 Flop barrel of pickles?

b.How much mustthe Florish trader payfor the same 10 Gulp crate of apples?