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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?

2 answers
Answered Jul 18Maths
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Nasra Abdullahi3 years experience in helping students with Maths and 11+ exams 21 students helped

There is a mistake in the question above. The cheapest furniture is made by MOP

Answered Jul 18Maths
Verified
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Nasra Abdullahi3 years experience in helping students with Maths and 11+ exams 21 students helped

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.