Converting Package Prices from Francs to Euros

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SUMMARY

The discussion focuses on converting package prices from francs to euros, specifically for a product sold in 450g packages at 35 francs in 2001. In 2002, the package size was reduced by 24%, and the price per kilogram increased by 26%. The new package size is calculated to be 342g, resulting in a new price of 44.1 francs. When converted using the exchange rate of 1 € = 5.94573 francs, the new price per package is approximately 7.42 €.

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Homework Statement


In the year 2001, a product was sold in 450 g packages for 35 francs per package. In the
beginning of the year 2002 the size of the package was reduced by 24 percent and the
price per kilogram was increased by 26 percent.

Homework Equations


Determine the price of the new package in euros (€) and cents rounded to the nearest cent when 1 € equals 5.94573 francs.

The Attempt at a Solution


the new size = 450*0.76 = 342g
the new price/kilogram = 35*1.26/0.45 = 98 francs

it means that the new price of the new package is 98*0.45 = 44.1 francs
1€ = 5.94573 francs
x = 44.1 francs
x = 7.41708 € and that's the new price per package in euro.
 
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The new price for the new package is: 98*0.342. It's not 98*0.45.
 

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