1995 AJHSME Problems/Problem 8

Problem

An American traveling in Italy wishes to exchange American money (dollars) for Italian money (lire). If 3000 lire = <dollar/>1.60, how much lire will the traveler receive in exchange for <dollar/>1.00?

$\text{(A)}\ 180 \qquad \text{(B)}\ 480 \qquad \text{(C)}\ 1800 \qquad \text{(D)}\ 1875 \qquad \text{(E)}\ 4875$

Solution

$\frac{3000 \text{ lire}}{1.6 \text{ dollars}} = \frac{x \text{ lire}}{1 \text{ dollar}}$

$x = 1875$ , and the answer is $\boxed{D}$

1995 AJHSME (Problems • Answer Key • Resources)
Preceded by Problem 7	Followed by Problem 9
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1995 AJHSME Problems/Problem 8

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