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CTP · Question #900
CTP Question #900: Real Exam Question with Answer & Explanation
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Question
- (Topic 9) A company purchased merchandise that cost C$155,000 from a Canadian supplier and then resold the merchandise for US$135,000. What rate of exchange must the company have obtained to realize a gross profit of US$44,000 on this transaction?
Options
- A0.3259 US$/C$
- B1.1500 US$/C$
- C0.5871 C$/US$
- D1.7033 C$/US$
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