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An importer wants to purchase N high quality cameras from

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by BTGmoderatorDC » Sun Aug 11, 2019 5:49 pm
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An importer wants to purchase N high quality cameras from Germany and sell them in Japan. The cost in Germany of each camera is E euros. He will sell them in Japan at Y yen, which will bring in a profit, given that the exchange rate is C yen per euro. Given the exchange rate of D US dollars per euro, which of the following represents his profit in dollars?

(A) N(YC - DE)

(B) ND(YC - E)

(C) ND[(Y/C) - E]

(D) N[(Y/C) - DE]

(E) ND(Y - E)/C

OA C

Source: Magoosh
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by Scott@TargetTestPrep » Wed Aug 14, 2019 7:02 pm
BTGmoderatorDC wrote:An importer wants to purchase N high quality cameras from Germany and sell them in Japan. The cost in Germany of each camera is E euros. He will sell them in Japan at Y yen, which will bring in a profit, given that the exchange rate is C yen per euro. Given the exchange rate of D US dollars per euro, which of the following represents his profit in dollars?

(A) N(YC - DE)

(B) ND(YC - E)

(C) ND[(Y/C) - E]

(D) N[(Y/C) - DE]

(E) ND(Y - E)/C

OA C

Source: Magoosh
The cost of the N cameras is NE euros. Since 1 euro = D dollars, the cost of the cameras is NED dollars.

The revenue of the N cameras is NY yen. Since 1 euro = C yen, the revenue of the cameras is NY/C euros and since 1 euro = D dollars, the revenue is NYD/C dollars.

Therefore, the profit of the cameras, in dollars, is:

revenue - cost = NYD/C - NED = ND(Y/C - E)

Answer: C

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