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    . Sofia had planned to exchange £300 for euros during a visit to the local town one Saturday.
    She had checked the exchange rate for that day, and found it to be £1 = 1.20 euros.
    Unfortunately, she had to cancel her visit to town that day, and it was not until the following
    Saturday that she was able to exchange her £300 for euros.
    By this date the exchange rate was £1 = 1.17 euros.
    How many fewer euros did she receive due to this delay?
    What percentage loss was caused by this delay? [4]
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    Work out how many euros you could get for £300 when the rate was at 1 = 1.20 and when it was at 1 = 1.17.
    Calculate the difference. Then, work out the percentage loss. Think that's how you do it.
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    Convert £300 into Euros two times, using each of the conversion rates.
    From there, you can calculate the difference in Euros and the percentage loss.
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    (Original post by SubZero~)
    Work out how many euros you could get for £300 when the rate was at 1 = 1.20 and when it was at 1 = 1.17.
    Calculate the difference. Then, work out the percentage loss. Think that's how you do it.
    yeah, I managed the Euro amount difference, but not the %
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    (Original post by KyleH123)
    . Sofia had planned to exchange £300 for euros during a visit to the local town one Saturday.
    She had checked the exchange rate for that day, and found it to be £1 = 1.20 euros.
    Unfortunately, she had to cancel her visit to town that day, and it was not until the following
    Saturday that she was able to exchange her £300 for euros.
    By this date the exchange rate was £1 = 1.17 euros.
    How many fewer euros did she receive due to this delay?
    What percentage loss was caused by this delay? [4]
    DO the question step by step!



    watch this video on exchange rates and then let me know if that doesn't makes any sense to you!
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    (Original post by Mayhem™)
    Convert £300 into Euros two times, using each of the conversion rates.
    From there, you can calculate the difference in Euros and the percentage loss.
    Hi - thanks for the reply, how do you work out the percentage after you've worked out both the amounts?
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    (Original post by fatima1998)
    DO the question step by step!



    watch this video on exchange rates and then let me know if that doesn't makes any sense to you!
    yeah, it doesn't

    could you walk me through my question with that method?
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    (Original post by fatima1998)
    DO the question step by step!



    watch this video on exchange rates and then let me know if that doesn't makes any sense to you!
    Think I got it!!

    360 divided by 351, times by 1.17 gives me 1.2%, correct?
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    (Original post by KyleH123)
    Think I got it!!

    360 divided by 351, times by 1.17 gives me 1.2%, correct?
    is this is the percentage part you are trying to do?
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    (Original post by fatima1998)
    is this is the percentage part you are trying to do?
    . Sofia had planned to exchange £300 for euros during a visit to the local town one Saturday.She had checked the exchange rate for that day, and found it to be £1 = 1.20 euros.Unfortunately, she had to cancel her visit to town that day, and it was not until the followingSaturday that she was able to exchange her £300 for euros.By this date the exchange rate was £1 = 1.17 euros.How many fewer euros did she receive due to this delay?What percentage loss was caused by this delay? [4]

    is it wrong?

    have I confused myself?

    I guess i could always do 0.03 times by 300 but I don't know if I'll be able to do that every time
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    (Original post by KyleH123)
    . Sofia had planned to exchange £300 for euros during a visit to the local town one Saturday.She had checked the exchange rate for that day, and found it to be £1 = 1.20 euros.Unfortunately, she had to cancel her visit to town that day, and it was not until the followingSaturday that she was able to exchange her £300 for euros.By this date the exchange rate was £1 = 1.17 euros.How many fewer euros did she receive due to this delay?What percentage loss was caused by this delay? [4]

    is it wrong?

    have I confused myself?

    I guess i could always do 0.03 times by 300 but I don't know if I'll be able to do that every time
    i dunno what you have done already! so its making me confusing
    have you worked out How many fewer euros did she receive due to this delay?
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    (Original post by fatima1998)
    i dunno what you have done already! so its making me confusing
    have you worked out How many fewer euros did she receive due to this delay?
    yes, that part was easy, 300 times 1.20, gives 360, 300 times 1.17 gives 351 so 9 less euros
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    (Original post by fatima1998)
    i dunno what you have done already! so its making me confusing
    have you worked out How many fewer euros did she receive due to this delay?
    I'm stuck on the method of working out the %
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    KyleH123

    1) Work out no. of Euros she would have gotten with 1.2 rate
    2) Work out no. of Euros she would have gotten with 1.17 rate
    3) Work out the difference
    4) Divide the loss over what she could have gotten
    SOLUTION (I THINK? )
    Spoiler:
    Show
    1) 360
    2) 351
    3) 9
    4) 2.5% (9 * 100 / 360)
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    (Original post by KyleH123)
    Hi - thanks for the reply, how do you work out the percentage after you've worked out both the amounts?
    work out the percentage that the smaller amount (£300*1.17) is of the larger amount (£300*1.2) and that's the percentage difference
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    (Original post by HannahC-H)
    work out the percentage that the smaller amount (£300*1.17) is of the larger amount (£300*1.2) and that's the percentage difference
    how?
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    (Original post by KyleH123)
    I'm stuck on the method of working out the %
    i think it's to do with percentage loss...
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    1.20x300 =€360
    1.17x300 =€351

    351/360=0.975

    0.975x100 =97.5%

    So there's a loss of 2.5%

    I think?


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    (Original post by Squire1998)
    1.20x300 =€360
    1.17x300 =€351

    351/360=0.975

    0.975x100 =97.5%

    So there's a loss of 2.5%

    I think?


    Posted from TSR Mobile
    i think :yes:
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    (Original post by Squire1998)
    1.20x300 =€360
    1.17x300 =€351

    351/360=0.975

    0.975x100 =97.5%

    So there's a loss of 2.5%

    I think?


    Posted from TSR Mobile
    (Original post by fatima1998)
    i think :yes:
    thanks all
 
 
 
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