In 1997,a Certain Japanese Imported Automobile Sold for 1,476,000 Yen,or

question 29

Multiple Choice

In 1997,a certain Japanese imported automobile sold for 1,476,000 yen,or $8,200.If the car still sold for the same amount of yen today but the current exchange rate is 110 yen per dollar,what would the car be selling for today in Canadian dollars?

• A)$8,200
• B)$10,250
• C)$12,628
• D)$13,418

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Definitions:

Work Force

The total number of people employed or in search of employment in a particular company, sector, or economy.

Layoff

A reduction in the workforce by a company, often to cut costs.

Commission

A fee paid to an employee or agent for facilitating a sale or transaction, usually calculated as a percentage of the sale price.

Transaction

An instance of buying or selling, or the exchange of goods, services, or funds.