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Dollar prices were converted to euros

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In March 2008, the euro/dollar exchange was 1 euro = $1.50. By November, the dollar had strengthened to 1 euro = $1.25. Assume that a European luxury goods marketer cut the price of an $8,000 tweed suit by 10 percent to maintain holiday sales in December. How would revenues have been affected when the dollar prices were converted to euros?

Reference no: EM131733123

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