An Australian-made PC costs $2400 and a similar Japanese-made PC costs ¥242 000. If the nominal
exchange rate is ¥105/$, which PC is more expensive and by how much (in percentage terms) ?

Question

An Australian-made PC costs $2400 and a similar Japanese-made PC costs ¥242 000. If the nominal 
  exchange rate is ¥105/$, which PC is more expensive and by how much (in percentage terms) ?

Accepted Answer

Australian PC is more expensive by 4%

Answer

Japanese PC is more expensive by 4%

Answer

Australian PC is more expensive by 19%

Answer

Japanese PC is more expensive by 1.09%

Crowdly

An Australian-made PC costs $2400 and a similar Japanese-made PC costs ¥242 000....

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