Clutchtopia currently exchanges 0.8 ClutchCoin (CC) for 1 US d...

Question

Clutchtopia currently exchanges 0.8 ClutchCoin (CC) for 1 US dollar (USD). If a ClutchBurger costs 3.50 CC, what is the USD equivalent price for a ClutchBurger?

Accepted Answer

Alright. Let's see how you guys did here. Clutchtopia currently exchanges 0.8 Clutch coin for 1 US dollar. So there is our exchange rate, 0.8 Clutch coin per 1 US dollar. If a clutch burger costs $3 or 3.5 clutch coins, what is the US dollar equivalent price for a clutch burger? So we want US dollars, right? We want US dollar equivalent price of a clutch burger. We know a clutch burger cost $3.50 and we know the exchange rate. So how many US dollars do we need? So there's 2 ways to show this exchange rate. 0.8 clutch coin per 1 US dollar or 1 US dollar for 0.8 Clutch coin, right? They both mean the same thing. Which one is going to be important to us here? We want to end up in US dollars, right? So we want to get rid of the Clutch coins by canceling out the units in the denominator and the numerator. Okay? So what we know is 1 US dollar for 0.8 clutch coin. So what we're going to do is we're going to use 1 US dollar divided by 0.8 clutch coin and we're going to multiply it by how many clutch coins we need. We need 3.5 clutch coins, right? And now, this cancels the clutch coin here, the clutch coin here, and we'll be left with our final answer in US dollars. Right? Our final answer in US dollars. So what we do is we do 1 point or excuse me, 1 divided by 0.8 times 3.5 and it gives us approximately $4.38 We'll need $4.38 American Money to get 3.5 Clutch Coins and buy this Clutch Burger. So notice what we did again. We used our exchange rate. We could use either one. They both mean the same thing, but we want to use the one that allows us to cancel the Clutch Coins. So what is the interpretation of this? $1 divided by 0.8 clutch coins. So this right here, when we do so let me use this one up here. When we do this right here, 1 US dollar divided by 0.8 clutch points. So 1 divided by 0.8 gives us 1.25. And remember how we said we would calculate we would interpret ratios. For each one of the denominator, for each one clutch coin, we would need 1.25 US dollars, okay? So 1.25 US dollars for each clutch coin, we need 3.5 clutch coins. So 1.25 times the 3.5 clutch coins we need equals our final price, $4.38 Okay? So that's how we interpret the ratio. Clutch coin, each one of the denominator requires 1.25 of the numerator. 1.25 US dollars per clutch coin or per 1 clutch coin, okay? So that's the interpretation there. Final answer, $4.38 for that clutch burger. Alright, let's go ahead and move on to the next

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Clutchtopia currently exchanges 0.8 ClutchCoin (CC) for 1 US dollar (USD). If a ClutchBurger costs 3.50 CC, what is the USD equivalent price for a ClutchBurger?

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