AC 2.1 - The UK business environment

Iwan goes on holiday to New York. The exchange rate is £1 = 1.40 dollars ($).

He changes £400 into dollars ($).

How many dollars ($) should he get?

Mr and Mrs Davies booked three nights at a London hotel at a rate of £129 per night. However, they didn’t realise the website deal didn’t include 20% VAT (Value Added Tax).

How much did Mr and Mrs Davies think they were going to be charged?

Leroy is the manager of a hotel. His taxable income for a year is £19,500.

The Government is planning to increase the rate of income tax to 22%. How much more tax will Leroy pay each month?

Leroy is the manager of a hotel. His taxable income for a year is £19,500.

How much income tax will Leroy pay each month?

Leroy is the manager of a hotel. His taxable income for a year is £19,500.

Calculate how much annual income tax Leroy will have to pay if the rate is 20%.

While on holiday in Vietnam Jose sees some jeans costing 950,000 Vietnam dong.  Back home in the UK the same make of jeans costs £70.

The exchange rate is £1 = 30,000 Vietnam dong.

After the holiday Jose changes 1.5 million Vietnam dong back into pounds. The new exchange rate is £1 = 31,000.

How much money should Jose get? Give your answer to the nearest penny.          

While on holiday in Vietnam Jose sees some jeans costing 950,000 Vietnam dong.  Back home in the UK the same make of jeans costs £70.

The exchange rate is £1 = 30,000 Vietnam dong.

Work out the difference between the cost of the jeans in Vietnam and in the UK. Give your answer in pounds (£) to the nearest penny.

A group of friends from the UK are on holiday in the USA.  While at a fast food outlet they order:

• 2 hot dogs @ $2.99 each
• 1 burger @ $1.99
• 1 mixed salad @ $3.95
• 4 cokes @ $0.99 each

Calculate the total cost in dollars ($).

After the holiday Nia changes 120 euros (€) back into pounds. The new exchange rate was £1 = 1.15 (€).

How much money should Nia get? Give your answer to the nearest penny.

Nia went to Spain. The exchange rate was £1 = €1.11 (euros).

She changed £275 into euros (€).

How many euros (€) should she get?

After the holiday Iwan changes 120 dollars ($) back into pounds. The exchange rate is still £1 = 1.40 dollars ($).

How much money should Iwan get? Give your answer to the nearest penny.

Mr and Mrs Davies booked three nights at a London hotel at a rate of £129 per night. However, they didn’t realise the website deal didn’t include 20% VAT (Value Added Tax).

Calculate the actual total cost of the three-night stay.