3 Ratios and Proportions Exercise 3.1 4. 12:64=3:16 (each term divided by 4) 45:15:30 = 9:3:6 (each ter divided by 5) iat 31:2 (each term divided by 3) 42. (each term multiplied by 100) {each term divided by 4) g4:140:196 (each term rmuttipied by 100) {each term divided by 4) {each term divided by 7) 0.24 0.39 0.18 = 24:39:15 i ee (each term divided Py 3) “ 43, 48. ( 4x3) (Sx4sa) = 1920-88 17 4h: 4 5), (BS) 88 19. 3:2 (each tem muted byt) = 2:6;3 (each term multiplied by 2) 21. 7.6:3= 2.53:1 (each term divided by 3) 23. 26. 717 27 = if 77:23:41 = 3.35 :1:1,78 (each term divided by 23) 35 - 54:6 41:1,54:2.29 (each torm divided by 3.5) 31 £.2:2-(2.2 47,.8).(8,.8) a7 (a5) (i's, ($3) 2.47 :4.37 33. Sales in A:: Sales in B : Sales in C = 25%:35%:40% = 5:7:8 36. Debt: Preferred equity : Common equity ($3.6 — $0.55 — $1.2) : $0.55 : $1.2 (each term divided by 0.55) Chapter 3: Ratios and Proportions 35Exercise 3.1 (continued) 37. Education : Health services : Social services = $1560 : $1965 : $975 312: 273: 195 (each term divided by $5) 1049165 (each term divided by 3) = 80:5 (each term divided by 13) 39. Add 250 mi of oil to § | (= 5000 mi) of gasoline, Gasoline : Oil = 5000 : 250 $00: 25 (each term divided by 10) 20:1 (each term divided by 25) Exercise 3.2 1. 9:7 = 54:b 3. 88:17 =a:45, 88a 17 45 0(45)= 17a a= 233 5. 1.89:0.31 = 175:k 7 0.043198 350 0.0155 8. mpabe mie z+ ts madcbebad 1. 675 =0105m pee 7108 7 105 5 om o(108) 5105 $1108) «so. m= 52108 = 750 36 Business Mathematics in Canada, 6/eExercise 3.2 (continued) 13, 625:f:500 = g:3:4 625, and 500 4 ( — 4(625) _ 500 8.00 15. 0.69:1.17:0.4 = r:s:6.5 0. 4 85 cen 6.5(0.69) _ a(t arc ia 04 17. Let the taxes on the new property be T. If Tax; : Taxa = Value; : Valuez $3545 _ $328,000 ee T ~ $437,000 437 That is, T= px 83545 = $4723.06 ‘The estimated property taxes are $4723.06, 19. Let T represent the TiVo's total recording time. Totalrecordingtime __ Total memory space Movie length Memory space for movie T__ 80Gb T75hr 45Gb 80 1.75 hr = 31.11 hours 45 0.11 r= 0.11 hr x ‘The maximum duration of high-definition recording is 31 hours and 7 minutes. 21. Let the expected hours of direct labour be H. 23 $174 H $78,300 = 2.3(878,300) _ S174 Total budget for direct labour = 1035($31.50) = $32,602.50. 60 min 7 minutes to the nearest minute H 1035 23. Let the first-half sales of Ford be S- and of Chrysler be So. Then Se__ 92 a $10.88 _ 121 310.68 12% Se 88 92 36 spo 2x sc= 35x sto. gp 81088 joi” 810.88 ‘$3.12 billion The first-half sales of Ford will be $8.21 billion and of Chrysler will be $3.12 billion. Chapter 3: Ratios and Proportions ; 7Exercise 3.2 (continued) 25. Let S, W, and O represent sales, wholesale costs, and overhead expenses, respectively. Then S:.W:0 = 3.66 : 2.15: 1.13 If S = $5.03 million, then $5.03million 368 4,4 $6,03million _ 3.65, Ww 245 Oo 1.13 28. $6.03 million = $2.95 million = ee $5.03 million = $1,55 million Economart’s wholesale costs would have been $2.955 million and its overhead expenses $1.553 million. w 27. Let 0, P, and $ represent the number of outlets, population, and annual sales. For the Hamilton market, O:P:S = 59 : 675,000 : $66.67 million For the Calgary market, P = 1,075,000. If O and S maintain the ‘same ratio for Calgary as for Hamilton, O. 59 ‘ang 1075000 ___ 675000 {075,000 ~ 675,000 S_ $66.67 milion 59 Therefore, Oc = => x 1,075,000 = 94 herefore, = SrE900 outlets, $66.67 million d 0 = ST x 1,075,000 = anc 80 = Tea) 7% 1075.00 = $106.18 milion ‘Tom Nortons would need to add 94 ~ 65 = 29 outlets. The projected increase in revenue is $108.18 million — $63.05 million = $43.13 million. Exercise 3.3 1. Refund : Subscription price = Remaining issues : Total issues Refund _ 252-17 $136 3x52 87 Refund = 4x $136 = fund = 5x 8136 ‘$75.85 3. Refund : Two-year fee = Remaining days : Total days Rofund _(2%365)-(20+30+31+314+9) _ 730-130 3495 2% 965 730 600 Refund = $495 x 5 fund = $4 730 $406.85 38 Business Mathematics in Canada, 6/eExercise 3.3 (continued) 5. a. Office expenses : Total expenses = Rooms used for business : Total rooms Office expenses _ 2 gi7si2 tt Office expenses Z x $17512 = $3184.00 >. ffoce expenses __360 si7st2 14704 360 Office expenses Zo x$17512 = $3444.98 7. Ws share : B's share : C's share : Total = 3:8:5:16 a. A's premium 2 + $900,000 = $168,750 B's premium a $900,000 = $450,000 C's premium 2.x$900,000 = $281,250 b. Asexposure= -3.s98,600,000 = $7,297,500 B's exposure = 5 x $38,600,000 = $19,200,000 C's exposure = a $38,600,000 = $12,062.50 9. LetH, D, and M be the investments of Harry, Draco, and Hermione, respect Let T represent the total investment. We are given: H:DIMT = 4: 4.98 0.85 3.2 a. fT = $256,000, then H 1 D435 M_ 08s §256000 ~ 32° §256000 32° $256000~ 32 $256,000 rofore, = 9208000 _ Therefore, =s $258 000°. . 5193.0 4 = $256000%0.85 - 9,090 Harry contributed $80,000, Draco contributed $108,000, and Hermione contributed $68,000. b, Since D:M = 1.35 : 0.85, D_ 1.35 1.35 7 = 138 > $16,320 = The 316300005 | 085“ ee Curloy's investment was $25,920, ‘Chapter 3: Ratios and Proportions 39Exercise 3.3 (continued) 41, Total investment = $25,300,000 + $17,250,000 + $11,900,000 = $54,450,000 Total sales = $21,200,000 + $8,350,000 + $7,450,000 = $37,000,000 a. Industrial Products cost : Total costs = $25,300,000 : $54,450,000 Industrial Products cost = 25299 ,.s839,000 = $389,838.38 54,450 Similarly, Fine Paper cost = 17290 ,.$899,000 = $265,798,90 us Containers & Packaging cost = a $839,000 = $183,362.72 21,200 37,000 8350 » $839,000 = a7o00 * 8839 10 = $189,341.89 74! 150 x $839, SR «$889,000 = $168,993.78 . b. Industrial Products cost $639,000 = $480,724.92 Fine Paper cost = Containers & Packaging cost = 13. Mr. C did not reach the basic quota. O’s bonus = $0 ‘The sales in excess of quota for Mr. A, Miss B, and Ms. D are $410,000, $255,000, and $115,000, respectively. The total of these excess sales is $780,000, Mr. A’s bonus : Total bonus = Mr. A’s excess sales : Total excess sales $410,000 Mr. A's bonus = +79 999% $10,000 = $5256.41 Similarly, Miss B's bonus = $2°°009.. $10,000 = $269.23 = $115,000 ‘Ms._D's bonus: 2 « = Suz $780,000 $10,000 = $1474.36 15. Profit to be allocated to the employees = $132,500 The total amount to be allocated to each employee group obeys the proportion: Exocutive group ; Supervisor group : Production group : Total ):(8 x 7):(45 x 5):(4 x 10 + 8x7 +45 x5) Hence, Executive group's allocatior 40 AO $132,500 = $16,510. Spi 8192,500= § 20 cach executive wi ecaive 1051090. ssip779 4 Similarly, Supervisor group's allocation = >, x'182,500 = $23,115.26 Each supervisor will roceive SUS. $2089.41 Production group's allocation = Best 132,500 = $92,873.83 392,873.83 45 Each production worker will receive $2083.86 40 ‘Business Mathematics in Canada, 6/eExercise 3.4 csc _ CS11346 Uss1856 ~ US$100° $c = CS11346 , usstase = 082105.82 “Ussi00 3 #4. Hose 514,500 ~ $100 ¥105.04 = 814,500 = x1 vy = MOSO4 514,500 = ut 525.080 5, O8e . 815205 * €3251 €100 315295 = + €9261= 0S497; CSc = Figg xe 151= C$4972.40 7, _68_ , c8000952 ¥756,000 A oe = SOON. w756,000 = c97ie7.12 9, fe _ £0455 804,360 ~ C$100 20.4455 fb= x C894, “Cs100° “$94,350 = £42,032.93 14, f= . £08598 $49,900 ~ cS100 €06538 xe 49, CDESSE 5 c549 900 = €52,624.62 swkrx _ Swkr 100 18 @ Ggt.00 ~ c80.1696 sw kr 100 krx = SWH1100 , 54.00 = Swktx= Ceo 7995 «087-00 = Sutke6.900 p, US8x_ _ ussi00 551.00 ~ 831533 ussi00 ussy = ¥95109 ,. 551,00 = uss0.6523 851533 «, Mexpesox _ Mexpeso 1.00 * 41.00 9.609 eso y = MEXDe80 1.00 . Mex peso x= MeXPe89 7.00 44.00 = Max paso 0.1038 a oS: _ 08100 ' Rupee 1.00 ~ Rupee 37:34 cst00 08 = Sra * Rupe 1.0 Chapter 3: Ratios and Proportions atExerc 15. 17. 19, 24. 25. ¢ 3.4 (continued) Ci _ cs22445 £2000 £100 C$c= Gs22446 x £2000 = C$4489.00 £100 With an additional 0.5% commission, the cost will be Vp =¥,(1+¢) = C$4489.00(1.005) = C$4511.45 c$_ _ €80.00952 #1000000 4 = ©80.00952 “OT ‘After the 0.5% currency conversion fee, Keiko will have a balance of ¥, = V;(1+c) = C$9520.00(1 — 0,005) = C$9472.40 $1.00 ¥83.0 Proceeds of sale = 1200041310) x Marielle had a C$16,624.50 - C$15,090.7: 8x 1,000,000 = C$9520.00 Cost of stock = 1200(#1150) x: = C$16,624.50 ¥i04.17 The Royal Bank will sell £ al C$2.3707 per £. For C$2000, you will receive £1 000 x= __ = £843.63 082000 « Sep 3707 ICE will sell £ at C$2.48 per £. For C$2000, you will receive (c$2000 - c$3.50)x—£"_ = 2805.04 32.48 You will obtain £843.63 ~ £805.04 = £38.59 more from the Royal Bank. ICE will buy US$ at C$1.074 per US$. For US$165, you will receive $1074) 165% = 83.50 = C817: {uss USsi C$3.50 = C$173.71 The Royal Bank will buy US$ at C$1.109 per US$. For US$165, you will receive usstes x 281108 - cs192.99 USSt You will receive C$182.99 - CS173.71 = 089.28 less from ICE. 2.309 et a. Atthe mid-rate, £250 would cost £250 = C$877.25 Atthe Reyal Bank's soll rte, you would pay £250 523777 = csso2.68 The % transaction cost is 959268 — $577.25 , 199% = 2.67% al the Royal Bank $877.25 ALICE’s sell rate, you would pay £260 82.48 $623.50 - $577.25 The % transaction cost is S025-90-S877-°9 100% = g.01% he % transaction cost is Series 100% = 8.01% at ICE. + C$3,50= C$623.50 Business Mathematics in Canada, 6/eExercise 3.4 (continued) $2,309 _ a 7 0836.94 0$2.2627 #1 25. b. Atthe mid-rate, £16 would sell for £16% At the Royal Bank's buy rate, you would receive £16x. = C$36.20 ‘The % transaction cost is $36:94=$36.20 , 199% = 2.00% atthe Roval Bank $36.94 c At ICE's buy rate, you would receive £16 15 ey 083-505 ‘The % transaction cost is we 100% = 16.35% at ICE. 27. Let & represent the number of Euros. Converting C$1150 directy to €, x _ €06538 81180 ~C§100 £08538 a = QOS 5 081160 = E15LE7 Converting C$1150 first to &, fb _ £04455 as1150 ~ “cs100 £04455 p = FOAMS og 4150 = £512.33 £0= “Csi00 «815 Converting £512.33 t0€, w€e | 14672 #51233 £100 SURE 512.99 = €T51.69 To three-figure accuracy, the two outcomes are the same. (Since some exchange rates have figure accuracy, wwe can expect only 3-figure accuracy in the calculated resus.) $30.90 29. Given: US$4.39 buys 1US gallon or 3.785 litres. “The price per lire in the United States is USS459 - ysg1.15984. Converting this USS price of 1 litre to CS, CSc | C1348 USe1.15084 ~ “Ussio0 csti346 : = CS11346 , Uss1.15984 = C$1.316 per co = CSSA». USBI. 15964 = C51.316 perlite In Canada, mik costs “$492 = §1.2476 per tive That is, mik is CS410—CS12478 99% = 5.49% more expensive in the US. CS12475 Chapter 3: Ratios and Proportions BExel 34 33. e 3.4 (continued) The cost of the holiday under the first option is 2(US$656) + £87 + 2(21150) = US$1312 + £2387 ‘The cost of this option in C$ is C$11346 C$2.2445 usg1312x S348, ep397« CS22448 - cg14ge.60 + $5957.62 S112 Tssi00 * £100 ee = C$6846.22 The cost of the alternative all-inclusive package is 2(C$3595) = C$7190_ Therofore, the personally designed travel is C$7190,00 ~ C$6846.22 = C$343,78 cheaper. $22.95 __C$22.95 750 ml 0.750 litre ‘The C$ equivalent of US$19.95 (per 40 ounces) is US$19.95 x The Ontario price is = C$30.60 per litre ©S11346 USSt = C$22.64 4 litre We 24.4364 Sex ounces 7 11964 ites cs22.64 4 10 eee Therefore, the cost of duty-free rum works out o =7557-7 = C819.92 per ire ©3060 - C$19.92 = eam % 100% = 24.9% which buys 40 ounces x The percent saving (based on the Ontario price) is, Concept Questions (Section 3.5) 1 Ifthe number of units of currency N per unit of currency M decreases, it then requires /ess of currency N to purchase 1 unit of M. Therefore, currency N has strengthened, If currency G weakens relative to currency H, itwill require more of currency G to purchase 1 unit of H. Therefore, the exchange rate expressed as units of G per unit of H will increase. Exercise 3.5 1. Initially, $1.00 = £0.4455, Finally, C$1.00 = £0.4455 + £0.054 = £0.4995 $1.00 buys more £ after the change. Therefore, the C$ has appreciated and the £ has depreciated from “c$100 C8100 0.4455 £0.4995 That is, from C$2.2447 to C$2.0020 20020-22447 22447 Initially, C$1.00 buys €0.6538 If the C$ weakens by 0.5%, it wll buy only V, =¥,(1+c) = €0.6538(1 — 0.005) = €0.6505 The new exchange rates are €0.6505 per C$1.00 and The porcent change is 100% = 10.81% cs100 €0.6505 = C$1,5373 per €1,00 Business Mathematics in Canada, 6/eExercise 3.5 (continued) 5, " 13, 15, Initially, C$2.2445 buys £1.00. Finally, C$2.2445 — 80.0017 = C$2.2428 buys £1.00. 1 r th fot = £0445: 81.00 will then buy =F = £0.4459 Initially, C$1.00 buys £0.4455. Finally, C$1.00 buys £0.4455 + £0.0021 = £0.4476. 1 Jn buy = £1.00 will then buy CS =7t-e = CS2.2941 Ifthe C$ per US$ exchange rate decreases from C$1.1346 to. CS1.1346 - 080.00: then the US$ per C$ exchange rate increases from i 1 uss. uss) Saas $Ti206 Thal is, from USS0.8814 toUS$0.8853, an inorease of USS0,0039. If the ¥ per A$ exchange rate increases from ¥98.74 to ¥99.74, then the AS per ¥ exchange rate decreases from 6$1.1296 1 1 ed ig age Soa 7a S974 That is, from AS0.0101276 to A$0.0100261, a decrease of A$0.000102. Initially, US$0.8845 = C$1.00 Finally, US$0.8981 = C$1.00 CSprice _ _C$100 Ussi500 ~ USS0.8845 cst00 rice = S00. = $1695. Thats, C$ price = eeragqg* USS1500 = C$1695.87 cs100 OSt00 x US$1500 = C1 Tsso.aa0i * SF eee Price change = C$1670,19 - C$1695.87 = -C$25.68 ‘That is, a C$25.68 decrease. Initially, Finally, C$ price Initially, Finally, ity, 2872venUe, C5100 Y"§23,000 ‘£0.4218 That is, C$ revenue = £23,000 = C$64,528.21 Finally, C' = ee * £23,000 = C$53,056.52 nally, C$ revenue = 5 sa 10 = C$53,056.5: Revenue change = C$53,056.52 ~ C$64,528.21 = - C$1471.69 That is, a CS1471.69 decrease. Chapter 3: Ratios and Proportions 45Exercise 3.6 Price or value on the selected date, 3.6 vaiuo = 84961 . 100 = 15: wer = Priceor value on the selected date 1, Index number =~ Price or value on the base date $3278 4, __Surrent value _ Curent index number Value onbase date —_~Base value Current value _ 119.5 $7532 «100 1 Current value = 19.5 Fen $7582= Sa001 Pricer value on the selected date , 5.50 yatue = 9082 >10= Price or value on the base date 73610" 2874 6. Index number = Current value __ Current index number Value onbase date Base value $7729 2120 Value on base date 1000 }000 2120 Value on base date = $7729 = $3646 rice of "CPI basket” on the selected date. 499 _ $26,090 Endir PL 8. EndingCP! = “Brice of "CPI basket” on the base date $21,360 100 = 122,20 11. In order to have the samo purchasing power, the amount of money must increase in proportion to the CPI. Therefore, Amountattheendof the year__CPlatthe endof the year ‘Amount at the beginning of the year CPlat the beginning of the year Amount at theend _ 108.9 $1000 106.3 ‘Amount at the end e g $1000 $1024.46 43. Costs have increased in proportion to the respective index. 2 $1000 = £1167,02 a he end of the 10-year period 14 1. Goods cost a. Go 7 b. Services cost e «$1000 = $1209.03 at the end of the 10-year period. c. Services cost 20.90% more. Goods cost 15.70% more. ‘The cost of servioas rose 20.90% ~ 15.70% = 5.20% more than the cost of goods. 46 ‘Business Mathematics in Canada, 6/eExercise 3.6 (continued) 15. Consumer pcs rose by 1285-253. s0ome 34.8 11.272-3257 100% = 3057 246.09% Portfolio rose by 47. a. To maintain purchasing power, the amount of money must increase in proportion to the CPI Amount (1983) _ CP1(1983) ‘Amount (1978) CPI(1978) ‘Amount (1983) = “ x $100= $161.16 . Inflation rate = Percent change in the CPI CPI (beginning 1979) - CPI (beginning 1978) , 4990, CPI (beginning 1978) Inflation rate (1978) = = MATOS. 90% 8.90% Inflation rate (1979) = ¢2=77:1,<100% = 9.60% Inflation rato (1980) = °¢9=P45 100% = 14.95% Inflation rate (1981) = *25=P4S 100% = 11.42% Inflation rato (1982) = “4-1-1955 10036 = 8.25% Review Problems. 1. a. 0.18: 0.60 : 0.45 = 18:60:45 = 6:20:15 b. (each term multiplied by 8) (each term divided by 3) e (each term multiplied by 6) (each term multiplied by 3) a. 6 {each term multiplied by 4) (each term divided by 5) 3. Mark's holding : Ben's holding : Tanya's holding = 4250 : 2550 : 5950 85:51:19 (each term divided by 50) Sa (each term divided by 17) Chapter 3: Ratios and Proportions a7Review Problems (continued) 5. Sales of D : Sales of E : Sales of F = 13:17:21 If sales of E = $478,000, _Dsales _13 and 478.000 _17 ‘478,000 17 F sales Dssales = 13 s478,000= $365,529 and Fsales= 2 x $478,000 = $590,471 ‘The expected sales of department D are $365,529 and of department F are $590,471, 7. Given: A:B:C:D:Total costs = 1260 : 3800 : 1550 : 2990 : Total area where Total costs = $28,675 and Total area = 9540 square feet. A _ 1260 Then —A__. 1260 “" §2B575 9540 i 1200 Ais share = 1250 ..$28,575 = $3774.06 Similar calculations A os a ae and D's allocations give $11,382.08, $4642.69, and $8776.18, respectively. 9. 0.5($84,780) = $42,390 should be allocated in proportion to each partner's investment and $42,390 should be allocated in proportion to hours worked. Let H, D, and L represent Huey’s, Dewey's, and Louie's shares, respectively. For the allocation in respect of investments, H:D:L:$42,390 = $70,000 : $30,000 : $45,000 : $145,000 = 14:6:9:29 ter $42,300 29 and H= 4842,990= $20,404,138 Similarly, D = $8770.345 and L = $13,155.517 For the allocation in respect of hours worked, H: D: L: $42,390 = 425 : 1680 : 1440 : 3545, 425 $42,300 3545 425 H= 422 «$42,390 = $5082.017 and 3eqg «942,990 = $50! Then Similarly, Dewey's share is $20,088,914 and Louie's share is $17,219.069. The combined allocations are: $20,464,198 + $5082.017 = SO5S4b tba ey $8770.345 + $20,088.914 = $13,155.517 + $17,219.069 = Eee phe 11. Initially, X1.00 purchases Y0.05614. Aftor weakening 1.5%, X1.00 will purchase only Y0.05614 — 0.015(¥0.05614) = Y0.055298 ‘The exchange rates are then 0.055208 perXL00 and Xoo = X18,064 per Y1,00 0.055298 a Busi in Canada,Review Problems (continued) 13. a. Inflation rate = Percent change in CPI (i) Inflation rate (ath year) = 12 (i) Inflation rate (Sth year 1057 b. To maintain purchasing power, the amount of money must proportion to the CPI Amount(end) ___CPI(end) ‘Amount (beginning) CPI (beginning) 108.9 eroye Fea 8100= $112.97 Amount (end Self-Test Exercise 1. a, 65:43 = 27.3:x 85 _ 273 4B x 65x = 43(27.3) x= 18.08 b. 1410 : 2330 : 870 = a:550:b 4410 a ae 2330 _ 550 2330 560 870 = 1410 870 - 2330 °°? —— 2 2330 550 = 205.47 2. Initially, Milan : Katka : Shoshana : $135,000 = 3:4:2:0 Milan's investment _ 3 $135,000 8 Milan's investment = 3x $135,000 = $45,000 We similarly obtain Katka's investment = $60,000 and Shoshanna's investment = $30,000. After each partner contributes an additional $10,000, Milan : Katka : Shoshana = $55,000 : $70,000 : $40,000 = 11:14:8 Test market sales __ Forecast 3-month sales Test market population Total population 543 ___ Forecast 3-month sales 120,006 24,000,000 and Forecast 3-month sales of DVD = iq x 21,000,000 = 95.026 units 3. Assuming Then 4, Education : Health care : Social services = 29:31:21 $13.7 billion : Health care : Social services = 29:31:21 $13.7 billion _ 29 i $13.7 billion _ 29 Healthcare 31 Socialservices 21 Health care allocation = 31$13.7 billion = $14.64 billion = §]x$137 billion ~ $9.92 billion 49Self-Test Exer 5, 10. (continued) 5 :4.0: 0.75 : 0.8 5: 0.78 and Weare given L:M:NP IfN = $2000, then L:$2000 oe Leen $2000 ~ 0.75 L = 2182000) = $4000 $2666.67 and P = $1333.33. ), Mc. M received $2686.67, and Mr, P recaived $1333.33. Letw, &, and SS represent the wife's, son's, and stepson's shares, respectively. Then, wesiss = 2:1:3 = 49:35:25 (efter mutlving by 35) For a total distribution of $331,000, W'S:88:$331 000 = 49:35:25:49 + 35 + 25) Therefore, Simitarty, w__ 49 $331,000 109 w= <3 «$934,000 $148,798.17 Similarly, S = $106,284.40 and SS = $75,917.43. Rounded to the nearest dollar, Mrs. Nolan will receive $148,798.17, the son will receive $108,284.40, and the stepson will ceive $75,917.43. rupiah x __rupiah 1.00 $1500 C$0,0001561 tira 1.00 jah x = —Wa 1.00 mupian* ©80,0001564 To maintain purchasing power, New hourlyrate _ Current CPI Oldhourlyrate ~~ OldCPI 108.4 $22.25 = $23.51 per hour 102.6 . >C$1500 = pypiah 9,609,225 New rate = Initially, 104.04 initialy, CSPHC2_ ¥2,965,000 cs100 ¥104.04 $100 . Pipe 75 * ¥2.065,000 = €827,767.37 Price change = C$28,498.65 ~ CS27,767.37 = C$731.28 decrease. Finally, ¥106.78 = C$1.00 ‘That is, C$ price = x ¥2,965,000 = 628,498.65 Finally, C$ price = USS95 __USS95 2205 Ib__ US$1047375 Tton — 2000 1b Tmetric ton metric ton uss1047375 ,_C$100 Price of West Virginia coal in C$ = SPST rainia coal in CS = “Tretrc ton“ USS0905 It is C$115.73 - C$105.00 = C$10.73 per metric tonne cheaper to purchase Alberta coal. Price of West Virginia coal = ($115.73 per metric ton ‘Business Mathematics in Canada, 6/e