GB-43-06-001 · Currency conversion
An exchange rate is £1 = €1.32. A bureau charges a £30 fee, deducted before conversion. How many euros are received for £151? Give your answer to the nearest cent.
Exchange Rates (Proportion Table)
Booklet p. 22
Method
1) Subtract fee from £ amount first
2) Draw proportion table with £1 = €rate on top row and multiply by rate
Worked Example (GB-43-06-001)
1) Deduct fee before conversion:
| Currency | £ (Pounds) | € (Euros) |
|---|---|---|
| Exchange Rate | £1 | €1.32 |
| After Fee | £121 | €159.72 |
€159.72