Question

A business based in the U.S. Pays a consultant based in China 88,000 dollars per year. Assume the conversation is 1 yuan to 0.14 dollars. What is the consultant’s salary in yuan per month? First fill in the two blanks on the left side of the equation using two of the ratios. Then write answer rounded to the nearest hundredth on the right side of the equation.

Answer 1

Given:

The salary of the consultant based in china = $88,000 per year

1 yuan = $0.14

Required:

To find the consultant’s salary in yuan per month.

Explanation:

The salary in dollars = 88,000

Since 0.14 dollar = 1 yuan

Then 1 dollar =

$\frac{1}{0.14}\text{ yuan}$

Now the salary in yuan

$\begin{gathered} =88,000\times\frac{1}{0.14} \\ =628,571.429\text{ yuan} \end{gathered}$

The salary of one year = 628,571.429 yuan

Then the salary of the one month =