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CIMA Strategic P3 Question # 23 Topic 3 Discussion

P3 Exam Topic 3 Question 23 Discussion:
Question #: 23
Topic #: 3

A US company has to pay £500,000 for a new machine.

You have the following information on currencies.

EUR 1 = £1.2300

EUR 1 = USD 1.6200

What is the cost of the machine in USD?

Give your answer to the nearest $.
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Actual exam question for CIMA P3 exam by Cyra2570 at May 2, 2026, 8:46:39 PM

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