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Edexcel IGCSE Business Studies 1.5.3 Exchange rate calculation

Practise converting prices, wages and costs between currencies using exchange rates, working clearly and rounding when required.

Syllabus
First assessment 2019
Course
Business Studies 4BS1

Exam points

  • calculate a converted price by multiplying or dividing by the stated exchange rate
  • show substitution in the exchange-rate calculation to gain method marks
  • interpret multiple-choice currency options by checking units, quantity and rounding

1.5.3 Exchange rate calculation question 1

[Maximum number: 2]

Ocean Vibes is a boat tour business located in two tourists resorts in Portugal. During the tours, it collects wildlife research. The idea came from two young scientists, Alfredo and Pedro, who share a passion for the environment, boats and science. Ocean Vibes employs boat tour guides and a sales team in each of the two resorts.

The main goal of Ocean Vibes is to connect tourism with science. It offers dolphin and bird-watching tours to tourists and uses the boat tours to collect research data on the wildlife. Its tour guides are knowledgeable, passionate and respectful of the environment.

Customers can book the boat tours online or in the tourist resorts. They are encouraged to leave reviews on Ocean Vibes' website.
Every month Ocean Vibes provides a boat tour for students and researchers who wish to study the wildlife.

There are many other businesses offering boat tours in Portugal which makes competing in the industry a challenge.

The price of an Ocean Vibes boat tour is €60 (euros) per person.
The exchange rate is € 1=£ 0.95 (UK pounds)

Calculate the price of a boat tour in UK pounds (£). You are advised to show your working.
(2)
£

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