Green's Manufacturing, Inc has contracted to sell certain goods to a company in Norway. The price agreed upon for the goods is 150,00 . Norwegian kroners. On the date the contract was signed, the Foreign Currency in dollars column in the financial

section of the local paper showed that the Norwegian krone was valued at .185028 . If the Norwegian krone rose to .1950 on the date of payment, compute how much Green's Manufacturing, Inc gained by contracting in Norwegian kroners instead of U.S. dollars.

$1,495.80

Business

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