An on-line ticket site was recently offering tickets for a soccer match between Manchester United and Fulham at a price of pound129. At the time, the nominal exchange rate was pound0.618 = $1. How much did the tickets cost in dollars?

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Shahzaibfaraz Shahzaibfaraz · Answer 1 · 2020-04-01T02:31:35+02:00

Answer:

The tickets cost $208.74

Explanation:

The exchange rate is an indirect quotation from the dollar's perspective if dollar is considered to be the domestic currency.

We know that $1 = 0.618 pound

If the price of the ticked is 129 pounds, to convert it to dollars, we need to divide the pound amount by the exchange rate of dollar to pound.

Thus, 129 pounds in dollar are,

129 / 0.618 = $208.7378 rounded off to $208.74

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Tundexi Tundexi · Answer 2 · 2021-10-22T12:34:05+02:00

The On-line ticket cost will $208.74.

Here, we are required to convert the pounds amount to dollar amount.

Given information

The price of the ticket in pound is 129

The exchange rate of 1 dollar equals 0.618

Let determine the rate of 1 pounds

1 Pounds = $1/0.618

1 Pounds = $1.62

The ticket cost = $129 * $1.62

The ticket cost = $208.74

Therefore, the amount of the tickets cost in dollar is $208.74.

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