Numerical Test Question 63 – Overseas subsistence conversion
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.
| Expense | Amount |
|---|---|
| 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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