Hampshire motors ltd a british manufacturing company wants, Ask an Expert

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Hampshire Motors Ltd., a British manufacturing company, wants to buy a produc- tion machine that isn't available in England. Comparable products are made by an American company and a French firm. The Americans have quoted Hampshire a price of $175,000, while the French want :192,000. How much is each price in British pounds? Calculate a cross rate to state the French quote in pounds. Use the exchange rates in Table 18.1.

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