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Exchange rates

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Question 15

A UK distributor imports gourmet cheese from France at a total cost of €18,000. The distributor sells this cheese in the UK market for £19,500. How much profit or loss has the distributor made, if the exchange rate at the time of purchase was £1 = €1.20?

A

Loss of £2,100

B

Profit of £4,500

C

Loss of £4,500

D

Profit of £5,400

Markscheme

Exchange rates Questions

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

30 exam-style questions on OCR A Level Economics Exchange rates. Each one has a worked solution and a mark scheme showing where the marks go.

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