Question: Procter & Gamble just received payment for a large export of Tide in the amount of 275,000 Denmark kroner (DKK) If the exchange mid-rate is

Procter & Gamble just received payment for a large export of Tide in the amount of 275,000 Denmark kroner (DKK)
If the exchange mid-rate is USD$0.1992 per DKK and the bank charges 3% on its buy rates,
how many dollars will Procter & Gamble receive?

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