Exam P3 Topic 1 Question 240 Discussion

Actual exam question for CIMA's P3 exam
Question #: 240
Topic #: 1
A US company has to pay £500,000 for a new machine.
You have the following information on currencies.
EUR 1 = £1.2300
EUR 1 = USD 1.6200
What is the cost of the machine in USD?
Give your answer to the nearest $.

Suggested Answer:

$658501, $658537

by Betsy at Oct 07, 2026, 10:24 PM

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