14
QuizMultiple Choice

Investments — Test

Question 14 • Financial Math

Zissy is visiting Italy from South Africa and wants to buy 1 liter of extra virgin olive oil. The oil is sold in 250 ml bottles, and the price is 8 EUR (euros) per bottle. What is the price of olive oil in ZAR (South African rand) per liter? Currency conversion: 1 EUR = 17 ZAR

Answer
A
34 ZAR per liter
B
136 ZAR per liter
C
544 ZAR per liter
D
68 ZAR per liter

Explanation

One liter is 1,000 ml, so it takes 1,000 ÷ 250 = 4 bottles. At 8 EUR per bottle, that costs 4 × 8 = 32 EUR. Converting to rand: 32 × 17 = 544 ZAR, so the price is 544 ZAR per liter.

AI-written and checked against the verified answer.

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