At a supermarket in France, the price of apples is 2.50 euros per kilogram. Suppose the exchange rate is 1 euro =$1.35 What is the price of the apples in dollars per pound? Recall that 1 kilogram =2.205 pounds.
The Correct Answer and Explanation is:
ChatGPT said:
To calculate the price of apples in dollars per pound, we need to follow these steps:
- Convert the price from euros per kilogram to dollars per kilogram.
Given that the price of apples is 2.50 euros per kilogram and the exchange rate is 1 euro = $1.35, we can find the price in dollars per kilogram by multiplying:Price in dollars per kilogram=2.50 euros/kg×1.35 dollarseuro=3.375 dollars/kg\text{Price in dollars per kilogram} = 2.50 \, \text{euros/kg} \times 1.35 \, \frac{\text{dollars}}{\text{euro}} = 3.375 \, \text{dollars/kg}Price in dollars per kilogram=2.50euros/kg×1.35eurodollars=3.375dollars/kg
- Convert the price from dollars per kilogram to dollars per pound.
We know that 1 kilogram is equivalent to 2.205 pounds. To find the price per pound, we divide the price per kilogram by 2.205:Price in dollars per pound=3.375 dollars/kg2.205 pounds/kg=1.53 dollars/pound\text{Price in dollars per pound} = \frac{3.375 \, \text{dollars/kg}}{2.205 \, \text{pounds/kg}} = 1.53 \, \text{dollars/pound}Price in dollars per pound=2.205pounds/kg3.375dollars/kg=1.53dollars/pound
Thus, the price of apples in the supermarket is $1.53 per pound.
Explanation:
The first step involved converting euros to dollars using the exchange rate, which gave us the price in dollars per kilogram. Then, we used the conversion factor of kilograms to pounds (1 kilogram = 2.205 pounds) to convert the price into dollars per pound. The final result is the price of apples in dollars per pound, which is approximately $1.53.
