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Toyota manufactures most of the vehicles it sells in the United Kingdom in Japan. The base platform for the Toyota Tundra truck line is 1, 652,000. The spot rate of the Japanese yen against the British pound has recently moved from 197/£ to 190/£. What is the percentage change in the price of the imported truck?

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ebrightosagie

Answer: 14.02%

Explanation:

Prices = ¥652,000

Exchange rates = ¥197/£

Change in exchange rate = ¥190/£

Original price of the Toyota tundra

= ¥652,000/197

= £3009.65.

Change in price

= ¥652,000/190

= £3431.58.

Percentage change in price of the imported trucks

= ( New price - Old price) / old price x 100

= £3431.58 - £3009.65 / £3009.65 X 100

= 421.93 / £3009.65 x 100

= 0.1402 x 100

= 14.02%

The percentage change in the price of the imported truck is 14.02%.

Calculation of the percentage chance:

Since

Prices = ¥652,000

Exchange rates = ¥197/£

Change in exchange rate = ¥190/£

So, here Original price of the Toyota tundra should be

= ¥652,000/197

= £3009.65.

Now

Change in price

= ¥652,000/190

= £3431.58.

And, finally

Percentage change in the price of the imported trucks should be

= ( New price - Old price) / old price x 100

= £3431.58 - £3009.65 / £3009.65 X 100

= 421.93 / £3009.65 x 100

= 0.1402 x 100

= 14.02%

Learn more about price here: https://brainly.com/question/24419645

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