you're traveling in japan and are thinking about buying a new kimono. you've decided you'd be willing to pay $175 for a new kimono, but kimonos in japan are all priced in yen. if the exchange rate is 89 yen per dollar, what is the highest price in yen you'd be willing to pay for a kimono? (assume no taxes or duties are associated with the purchase.)

15,575 yen

Explanation:

Willingness to pay is the highest amount a consumer would be willing to pay for a good service.

If 1 dollar is exchanged for 89 yen, then 175 dollars would be exchanged for - 89 × 175 = 15,575 yen

I hope my answer helps you.

a

explanation:

hi : ) i found this so i hope this !

"we first find value of tax in dollars.

the difference between the two prices   is: 23. 54 - 22 = 1.54

therefore the sales tax in dollars is 1.54

the tax % will be   (amount of tax / original cost price ) × 100

(1.54 / 22) × 100  → (0.07) × 100 =   7

so the tax rate is 7%

we can double check the answer.

7 % of 22   → (7/100) × 22 → 0.07 × 22 = 1.54

22 + 1.54 = 23.54"