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Bartman, Corp. observes that the Swiss franc (SF) is quoted at $0.6164/SF, while the Swedish krona (SK) is quoted at $0.1981/SK. What is the SK/SF cross rate? (Round your final answer to four decimal places.

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Answer: SK is 3.1116/SF

Explanation:

If 1 Franc = $0.6164 and 1 krona = $0.1981 then the expression can be also be expressed as,

1 Franc = 1 krona

$0.6164 = $0.1981.

Then if,

0.6164 = 0.1981

What is 1 Krona in terms of a Franc

0.6164 : 0.1981

x : 1

0.1981x = 0.6164

x = 0.6164 / 0.1981

x = 3.11155981827

x = 3.1116

This means that 1 krona is 3.1116 Franc or,

SK is 3.1116/SF

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