Minni travels to Italy. She changes 550 GBP to euros at an exchange rate of 1 GBP = 1.18 euros. The bank charges commission and then gives Minni 629 euros. Find the amout of the commission in GBP.

Question

Thank you so much:))

Answer 1

550 GBP x 1.18 Euro = 649 Euro

649 - 629 = 20 Euro

1GBP x 20 Euro / 1.18 Euro = 16.94 Euro

Answer 2

Correct number, wrong units.

To find the commission in GBP, use the exchange rate to convert the Euros which she received to GBP and subtract that from the amount of GBP she changed.

= £550 - €629/(1.18 €/£)
= £16.95