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Exchange Rates

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Question 12

In Amsterdam cheese costs €14.50 per kg. In London cheese costs £5.50 per lb.

1 kg=2.2 lbs£1=€1.18 \begin{aligned} 1 \text{ kg} &= 2.2 \text{ lbs} \\ £1 &= €1.18 \end{aligned} 1 kg£1​=2.2 lbs=€1.18​

In which city is cheese better value for money, Amsterdam or London? You must show your working.

[3]

Exchange Rates Questions

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