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Levels Tought:
Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 398 Weeks Ago, 1 Day Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
You travel to Egypt with your friend, and in the bazaar you see a locally-made shirt that you would like to buy. The shopkeeper tells you that he is going to give you a good deal and sell you the shirt at 200 Egyptian pounds. Your friend tells you that an importer back in the US sells the same shirt at $28. You know that the exchange rate is 8 Egyptian pounds per US dollar. How much of a discount is the shopkeeper offering you relative to the importer's price? (answer in US dollars)
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