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Exchange rates

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Question 5

A UK distributor imports organic coffee beans from Colombia. A 50 kg batch of coffee beans costs the distributor 600,000 Colombian Pesos (COP). The exchange rate is £1 Sterling to 5,000 COP.

How much does 350 kg of coffee beans cost the distributor in £ Sterling?

£120£120£120

£840£840£840

£6,000£6,000£6,000

£42,000£42,000£42,000

Exchange rates Questions

  1. A Level
  2. /Economics
  3. /Exchange rates