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What price must the guilderian pay for the same

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Question - Florin and Guilder are two countries separated by a narrow sea. They use currencies called, respectively, the Flop and the Gulp. Suppose the nominal exchange rate is 2 Flops per Gulp.

A Guilderian trader buys a 50 Flop barrel of Florish pickles by exchanging 25 Gulps, and a Florish trader buys a 20 Gulp crate of Guilderian apples by exchanging 40 Flops. Then the Gulp appreciates to 5 Flops per Gulp.

Required -

a. What price must the Guilderian pay for the same 50 Flop barrel of pickles?

b. How much must the Florish trader pay for the same 20 Gulp crate of apples?

Reference no: EM133168568

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