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Art Dealer

Real-Life Activities

Real-Life Math

You are an art dealer. You specialize in early 20th-century landscape paintings. You love the paintings on your gallery walls, and don't like to part with them. But because you are running a business, all the artwork is for sale.

"You are running a business, so math enters into it," says Janette Langmann, an art dealer. "You have to buy and sell, keep track of your inventory and make sure you are running a profit."

At your gallery, you have many international clients. If they wish to know the prices in their own currency, you are happy to oblige. "You need to be able to communicate with the buyer, and be able to work out the figures," adds Wendy Wong, an art dealer.

A Canadian is looking at 2 different paintings, 1 listed in American dollars and 1 listed in British pounds. Can you help her figure out what the price of each painting would be in Canadian dollars?

Current exchange rates:

$0.81 US = $1 Cdn
0.42 British pounds = $1 Cdn

  1. If you have a painting worth $3,500 US, how much would it cost in Canadian dollars?
  2. If another painting is listed at 6,250 pounds, what would it cost in Canadian dollars?

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OCAP believes that financial literacy and understanding the financial aid process are critical aspects of college planning and student success. OCAP staff who work with students, parents, educators and community partners in the areas of personal finance education, state and federal financial aid, and student loan management do not provide financial, investment, legal, and/or tax advice. This website and all information provided is for general educational purposes only, and is not intended to be construed as financial, investment, legal, and/or tax advice.