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In Business / High School | 2025-07-08

Assume the exchange rate from British pounds to Canadian dollars is £10 GBP to $1 CAN. If it costs £20 million GBP for a Canadian film crew to shoot a documentary in London, how much is this in Canadian dollars? Options: £2 million GBP £20 million GBP $2 million CAN $20 million CAN $10 million CAN

Asked by JJlol4326

Answer (1)

To convert the cost from British pounds (GBP) to Canadian dollars (CAN), we need to know the exchange rate. As given, the exchange rate is £10 GBP to $1 CAN.
Here's how you can solve this problem step-by-step:

Identify the Total Cost in GBP : The cost for the Canadian film crew to shoot a documentary in London is £20 million GBP.

Understand the Exchange Rate : The exchange rate provided is £10 GBP = $1 CAN. This means for every £10, you get $1 CAN.

Convert GBP to CAN : To find out how much £20 million GBP is in Canadian dollars, divide the total amount in GBP by the exchange rate:
Amount in CAN = £10 £20 million ​ = 10 20 , 000 , 000 ​
Simplifying this calculation:
Amount in CAN = 2 , 000 , 000 CAN


Hence, the cost in Canadian dollars is $2 million CAN.
The correct answer is: $2 million CAN .

Answered by OliviaLunaGracy | 2025-07-21

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