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Green's Manufacturing, Inc. has contracted to sell certain goods to a company in Norway. The price ...

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Green's Manufacturing, Inc. has contracted to sell certain goods to a company in Norway. The price ...

Green's Manufacturing, Inc. has contracted to sell certain goods to a company in Norway. The price agreed upon for the goods is 150,000 Norwegian Kroners. On the date the contract was signed, the Foreign Currency in Dollars column in the financial section of the local paper showed that the Norwegian Kroner was valued at .185028. If the Norwegian Kroner rose to .1950 on the date of payment, compute how much Green's Manufacturing, Inc. gained by contracting in Norwegian Kroners instead of U.S. Dollars.

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Contemporary Business Mathematics for Colleges

Edition: 16^th

Authors: Deitz, Southam

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