Question
Jasper had 30,500 with him when he left home in the morning on Monday, 3 rd March, 2016 to go to France. He paid 250
Jasper had 30,500 with him when he left home in the morning on Monday, 3rd March, 2016 to go to France. He paid 250 taxi fare to the airport in Birmingham and changed the remaining pounds that he had with him to euros at the airport. He stayed in France until Friday morning, 10th March 2016 and returned to the UK that morning. He spent 60 per cent of the euros that he took with him to France and changed the remaining euros to pounds when he arrived at the airport in Birmingham on 10th March, 2016. The exchange rates that were used for Jasper on 3rd March and 10th March, 2016 were as follows:
3rd March 2016 | |
Bid rate | Offer rate |
1.2750 | 1.2980 |
10th March, 2016 | |
Bid rate | Offer rate |
1.2680 | 1.2710 |
How much pounds did he receive from the foreign exchange dealer at the airport in Birmingham when he changed the remaining euros that he had with him to pounds on 10th March, 2016?
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