Dollars at the departure date

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Upon arrival in Chile, Karen exchanged $1000 of u.s. currency into 480,000 pesos. while returning after her two month visit, she exchanged her remaining 50,000 pesos into $100 of u.s. currency. what amount of gain or a loss did she experience on the 50,000 pesos she held during her visit and converted to u.s. dollars at the departure date?

Reference no: EM13139142

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