I was doing my homework last night and this question came up and it is really puzzling me, I don't understand how to do this and my teacher is really bad at explaining things to us, I need a little help with this question and an explanation if possible:
When the exchange rate is €1=US \$1.28, a person changes US \$1920 to euro. A charge is made for this service. What is the percentage charge if the person receives €1462.50?"
Hints