Lesson 3: Currency - Calculating Currency Exchange Practice

   Practice Makes Perfect

Download Practice Makes Perfect as a pdf file to print off, complete, and save in your Math 10-3 binder, or write the answers in a notebook specifically for Math 10-3 notes.

Complete the following questions.


  1. Dalton wants to purchase a handheld GPS system for hiking. He found the item he needs on an American website, where it is listed for $194.99 USD. He then found the exact same item on a Canadian website, where it was listed for $249.99 CAD. Do these two items cost the same?

    Step 1: Set up the ratios. Change the American price to Canadian funds for a fair comparison.

    \(\frac{\$1\,\text{CAD}}{\$0.91\,\text{USD}}=\frac{x\,\text{CAD}}{\$\text{_____ USD}}\)

    Step 2: Solve for the unknown value.

  2. Kurt wants to buy his mom some perfume from Europe. He found her favourite brand for Euro27.95. What is the price, in Canadian funds?


Check your answers in the detailed solutions found here. Practice is important before you attempt the Chapter 2, Lesson 3 Assignment.



2014 © Alberta Distance Learning Centre