Moderate# Dollar to Pumpkin Exchange Rates

GMAT-7KPHDM

This is a very basic introduction to rates of exchange. Suppose apples are four for a dollar. The apple to dollar exchange rate is 25 cents because if you give up 1 apple you get 25 cents in return. The apple has value in dollars (25 cents = 1 dollar), and the dollar has value in apples as well. The dollar to apple exchange rate is 4 apples because if you give up 1 dollar you get 4 apples in return.

Township A sells pumpkins at a pumpkin to dollar exchange rate of \$1.50. Township B sells pumpkins at a pumpkin to dollar rate of \$2.50. Identify the dollar to pumpkin exchange rate for each township.

Township A

Township B

Township A

Township B

5/3 pumpkins

Township A

Township B

2/3 pumpkins

Township A

Township B

1/3 pumpkins

Township A

Township B

5/2 pumpkins

Township A

Township B

2/5 pumpkins