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Art Dealer

Real-Life Activities

Real-Life Math -- Solution

You are an art dealer who sells to many international clients. You are happy to work out exchange rates for these clients.

This is what you work out:

1. If you have a painting worth $3,500 US, how much would it cost in Canadian dollars?

$0.81 US = $1 Cdn

Exchange = $3,500 US / $0.81 US per Canadian dollar
Exchange = $4,320.99 Cdn

The painting would cost $4,320.99 in Canadian funds.

2. If another painting is listed at 6,250 British pounds, what would it cost in Canadian dollars?

0.42 British pounds = $1 (Cdn)

Exchange = 6,250 British pounds / 0.42 pounds per Canadian dollar
Exchange = $14,880.95

The painting would cost $14,880.95 in Canadian funds.