Changes in the value of the euro relative to the dollar

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A ski resort in Vail Colorado is relying on 30% of its anticipated 28,000 customers coming from Europe this winter. The resort's amenities and services are all dollar priced but you know that changes in the value of the euro relative to the dollar will affect whether Europeans will come to Vail rather than skiing in the Alps. Last year you offered special ski packages starting at $3,800 per week for your European customers when the euro was worth $1.54. This year the euro is worth $1.74. If you wish to keep the euro price of your package the same for your European customers you must charge ________ for your ski package.

Reference no: EM13765670

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