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Sanjay has 90 euros to spend before he flies back to the United States. He wishes to purchase jewelry priced at $160 (U.S.) in a
Sanjay has 90 euros to spend before he flies back to the United States. He wishes to purchase jewelry priced at $160 (U.S.) in a duty-free shop at the airport. Euros can be bought for $1.30 and sold for $1.22. The owner of the duty-free shop tells Sanjay that the jewelry can be purchased for 90 euros plus $37 (U.S.). Is this a good deal for Sanjay? Assume there is a 7.5 euro commission on the exchange transaction. If Sanjay accepts the deal, he will pay an equivalent of $ 146 . (Round to the nearest dollar.) If Sanjay does not accept the deal, he will pay $. (Round to the nearest dollar.)
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