Question

The price of a given basket of goods in Richland is 75 ritz. If the same basket of goods cost $10 in the U.S., the price of a basket of goods worth $1 in the U.S. is ________.

A. 0.13 ritz

B. 7.5 ritz

C. 1 ritz

D. 1.5 ritz

Answer 1

The price of that given basket of goods in Richland is 75 ritz and

• the same basket of goods costs $ 10   in the U.S

Therefore,

• If the price of a basket of goods worth $ 10 in the U.S is equivalent to 75 ritz

Then, the price of a basket of goods worth  $ 1  in the U.S will be equivalent to

= ( 75 ritz  divided by 10 )

= 7.5 ritz  

That's why

• the price of a basket of goods worth $ 1 in the U.S is - 7.5 ritz ( Option - B )