An Indirect Exchange Rate Can Be Converted to a Direct

question 32

Multiple Choice

An indirect exchange rate can be converted to a direct exchange rate by:

• A)Dividing the indirect rate by number of U.S.Dollars required to purchase one unit of the other currency
• B)Dividing the indirect rate by 100
• C)Multiplying the indirect rate by the spot rate
• D)Taking the inverse of the indirect rate

Understand the concepts of mark-up, markdown, and break-even price in retail.

Calculate the rate of mark-up on cost and its impact on pricing strategies.

Analyze the effects of consecutive discounts and their final impact on cost.

Evaluate the impact of operating expenses on pricing and profit margins.

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