Exercise 1: The price of an evening dress from Elie Saab's Spring 2019 collection is 46,500,000 LBP. Adele has a concert in UK in March 2019 and wants to buy this dress. Her assistant gets her the following information: Spot rate Spot rate LBP 1,507.5/USD USD 1.3/GBP a. What is the LBP/GBP cross rate? b. What is the price of the dress in GBP? c. What is the price of the dress in LBP using the Black-market rate of LBP 37,500/USD? Exercise 2: The price of a Lamborghini Veneno 2022 is 6,500,000 EUR. Assume the following cross rates: Exercise 3: USD 0.9756/EUR TRY 18.613/USD Determine the price of Lamborghini Veneno 2022 in both USD and TRY. Anne Dietz lives in Singapore, but is making her first business trip to Sydney, Australia. Standing in Singapore's new terminal #3 at Changi Airport, she looks at the foreign exchange quotes posted over the FX trader's booth. She wishes to exchange 1,000 Singapore dollars (S$ or SGD) for Australian dollars (A$ or AUD). What Anne sees: Spot rate (SGD = 1.00 USD) 1.3400 Spot rate (USD = 1.00 AUD) 0.7640 a. What is the Singapore dollar to Australian dollar cross rate? b. How many Australian dollars will Anne get for her Singapore dollars?

A. Solve the following (round off 2 decimal places): 1. How much is the discount for an item with a list price of P13,500 subject to a 15% discount? What is the net price? 2. A cabinet listed at P14,000 is sold to a retailer at 14.7% discount. Find the amount of trade discount and the net price. al dinning sets at the s 3. Two suppliers offer identical dinning sets at the same list price. However, Company A gives trade discount series of 15%, 10 %, and 10% while Company B offers 20%, 10%, and 5%. Which is a better discount for the buyer? 4. Yuki bought a notebook set for P250. She spent P20 for transportation fee. She sold her notebook for P260. a. How much is the profit or loss? b. What is the profit/loss percent? VICI VE