Numerical Test Question 63 – Overseas subsistence conversion

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Scenario

An employee submits expenses in euros. The exchange rate is £1 = €1.15. A card provider then adds a fee equal to 2% of the converted sterling amount.

ExpenseAmount
Hotel€640
Meals€184
Local travel€96

Question

What is the total sterling cost including the card fee?

  • A. £818.40
  • B. £938.40
  • C. £816
  • D. £800
Click to reveal the answer

Correct answer: C. £816

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