3 companies sell same furniture. OFL = £1965 MOP= €2620 PONY = $2979 Exchange rates are £1 = €1.34 and £1 = $1.52. Which company sells this furniture at the lowest price?
There is a mistake in the question above. The cheapest furniture is made by MOP
We can do this by converting all prices to the same currency. For this one, we can use the pound. OFL = £1965 MOP = 2620/1.34 = £1955.22 PONY = 2979/1.52 = £1959.87 Therefore, OFL sells the furniture at the lowest price.
Get an answer in 5 minutes from expert tutors at Oxford, Cambridge, Imperial and more.