Question: Using the data contained in Statement A, calculate the retail price of PS4 in the UK to the nearest pound if the exchange rate is

Using the data contained in Statement A, calculate the retail price of PS4 in the UK to the nearest pound if the exchange rate is £1 = $1.68.

Extract A Sony launches PlayStation 4 (PS4) at a price close to cost The video games console market is very dynamic. There are three main console manufacturers: Nintendo, Sony and Microsoft. A console war started in November 2013 when Sony launched the PS4, followed one week later by the release of Microsoft's Xbox One. Experts consider the PS4 to be the most powerful video games console ever produced. The global mark-up per console is surprisingly low at 4.2%. Component costs Electrical components Controller Box contents US dollars ($) 348 18 6 5

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