OG: An American dealer bought a table in Germany for 480 marks

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AbeNeedsAnswers: Master | Next Rank: 500 Posts; Posts: 394; Joined: Sun Jul 02, 2017 10:59 am; Thanked: 1 times; Followed by:5 members

OG: An American dealer bought a table in Germany for 480 marks

by AbeNeedsAnswers » Sun May 17, 2020 8:30 pm

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Global Stats

Exchange Rates in a Particular Year
$1 = 5.3 francs
$1 = 1.6 marks

An American dealer bought a table in Germany for 480 marks and sold the same table in France for 2,385 francs. What was the dealer’s gross profit on the two transactions in dollars?

A. $0
B. $50
C. $100
D. $150
E. $200

D

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