Question

A certain book is for sale in both Belize and Brazil. In Belize, it sells for 80.39 Belize dollars. In Brazil, it sells for 63.65 Brazilian reals. The exchange rate of US dollars to Belize dollars is 1:1.9246, and the exchange rate of US dollars to Brazilian reals is 1:1.7880. When converted into US dollars, which country sells the book at a more expensive price, and how much more expensive is it? Round all currency values to two decimal places.
a.
The book costs $6.17 more in Belize than in Brazil.
b.
The book costs $11.89 more in Brazil than in Belize.
c.
The book costs $16.74 more in Belize than in Brazil.
d.
The book costs the same amount in both countries.

Answer 1

Convert each price to USD.

Belize: 80.39 BZD ÷ 1.9246 = 41.77 USD (rounded to two decimals)
Brazil: 63.65 BRL ÷ 1.7880 = 35.60 USD (rounded to two decimals)

Difference: 41.77 − 35.60 = 6.17 USD.

Answer: a. The book costs $6.17 more in Belize than in Brazil.