Problem:
Fred is planning on taking a wine-tasting tour through Italy this summer. The tour will cost 2,750 Euros and includes transportation, hotels, and a guide. Fred estimates that round-trip air fare from his home in North Carolina to Rome, Italy, will be $1,490; he will also incur another $300 (U.S.) in incidental travel expenses. Fred estimates the cost of meals in Italy to be about 500 Euros, and he will take an additional $1000 (U.S.) to cover miscellaneous expenditures. The current exchange rate is $US1.34/1.00EU (or EU.7456/US$1.00).
a. Determine the total dollar cost of the trip to Italy
b. Determine the amount of Euros Fred will need to cover meals and miscellaneous expenditures.