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jmc

prealgebra intermediate

Problem

In 1992, a scoop of gelato could be purchased in Italy for 1200 lire. The same gelato would have cost \1.50$ in the U.S. At the equivalent exchange rate between the lire and the dollar, how many dollars would be equivalent to 1,000,000 lire?
Solution
Multiply both sides of 1200\text{ lire}=\1.501,\!000,\!000/1200\frac{3}{2}\cdot10,\!000/12=\boxed{1250}$ dollars.
Final answer
1250