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choc lover | 19:48 Mon 06th Apr 2009 | Quizzes & Puzzles
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I have �1444.27 changed into dollars

(�936.20) $1350 travellers chq's @ 1.442 exchange rate
(�508.07) $730 dollars @ 1.4368

�445 worth is my partners - how much does it work out he has with even amount dollars and travellers chqs??

Thanks in advance - I cant for life of me figure it out!
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since you have 2 different exchange rates, the first thing to do is figure your weighted average exchange rate:

You got $2080 for your 1444.27, so each dollar cost on average 1.44017.

Now your partners 445 bought 445*1.44017 = $640.88,
and your 999.27 bought 999.27*1.44107 = $1439.12

this assumes that you're splitting the two batches of (different cost) dollars between yourselves, in proportion to your investment in pounds..

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