Real-Life Math -- Solution
You are preparing to go into a board meeting. First,
you look at the profit sheets from each of your companies.
The company
in the Philippines made 3,780,000 pesos. The company in India made 4,000,000
rupees. The company in Great Britain made 45,000 pounds. Which company made
the most profit?
Philippines
1 peso =
$0.03
x dollars = 3,780,000 pesos
x = $0.03 x 3,780,000
x
= $113,400
The company in the Philippines made $113,400 (US).
India
1
rupee = $0.02
x dollars = 4,000,000 rupees
x = $0.02 x 4,000,000
x
= $80,000
The company in India made $80,000 (US).
Great Britain
1
pound = $1.61
x dollars = 45,000 pounds
x = $1.61 x 45,000
x
= $72,450
The company in Great Britain made $72,450 (US).
The
company in the Philippines made the largest profit. "CEOs need to look at
these figures so that they can explain to the board of directors what is happening
with the company," says Lisa Collins. "They have to explain the direction
they want to go."