How many usd would you need to earn 1750 on a round-trip, Financial Management

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How many usd would you need to earn 1750 on a round-trip

If the GBP quote is USD 1.2772-87 answer the following questions and please provide formulae and show all workings. If you converted $20,000 to GBP and then back to USD, what would be its value in USD? If you are able to buy pounds at the bid rate and sell them at the ask rate, how many USD would you need to earn $1,750 on a round-trip transaction (buying GPD for USD and then selling the GPD for USD)?

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Financial Management: How many usd would you need to earn 1750 on a round-trip

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