Converting Package Prices from Francs to Euros

  • Thread starter chawki
  • Start date
In summary, the original package was sold for 35 francs and weighed 450 g. In 2002, the package size was reduced by 24% and the price per kilogram was increased by 26%. The new package price in euros is 7.41708 €, rounded to the nearest cent, when 1 € equals 5.94573 francs.
  • #1
chawki
506
0

Homework Statement


In the year 2001, a product was sold in 450 g packages for 35 francs per package. In the
beginning of the year 2002 the size of the package was reduced by 24 percent and the
price per kilogram was increased by 26 percent.

Homework Equations


Determine the price of the new package in euros (€) and cents rounded to the nearest cent when 1 € equals 5.94573 francs.

The Attempt at a Solution


the new size = 450*0.76 = 342g
the new price/kilogram = 35*1.26/0.45 = 98 francs

it means that the new price of the new package is 98*0.45 = 44.1 francs
1€ = 5.94573 francs
x = 44.1 francs
x = 7.41708 € and that's the new price per package in euro.
 
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  • #2


The new price for the new package is: 98*0.342. It's not 98*0.45.
 

Related to Converting Package Prices from Francs to Euros

What is the current conversion rate between Euros and francs?

The current conversion rate between Euros and francs is 1 Euro = 1.09 Swiss Francs.

How do I convert Euros to francs?

To convert Euros to francs, you can use an online currency converter or a currency exchange service. You can also multiply the amount of Euros by the current conversion rate to get the equivalent amount in francs.

What is the history of the Euro and franc exchange rate?

The Euro and franc exchange rate has fluctuated over the years, with the Euro being introduced in 1999 and the franc being replaced by the Euro in 2002. The exchange rate has been impacted by various economic and political factors, but has remained relatively stable in recent years.

What are the benefits of converting Euros to francs?

Converting Euros to francs can be beneficial for individuals or businesses who need to make transactions in Switzerland or other countries that use the franc as their currency. It can also provide a way to diversify investments and hedge against currency fluctuations.

Are there any fees or charges associated with converting Euros to francs?

Yes, there may be fees or charges associated with converting Euros to francs, depending on the method used. Currency exchange services or banks may charge a commission or transaction fee, and online currency converters may have hidden fees or less favorable exchange rates. It is important to research and compare different options to minimize any additional costs.

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