Let's begin by identifying key information given to us:
Amount = $300
Amount (after changing) = ?
Exchange rate: €1 = $1.25
We will calculate how much Euros Traci gets for her dollar using simple proportion:
[tex]\begin{gathered} x=\text{\$}300 \\ \euro1=\text{\$}1.25 \\ \text{Cross multiply, we have:} \\ 1.25(x)=300\cdot1 \\ x=\frac{300}{1.25}=240 \\ x=\euro240 \end{gathered}[/tex]Therefore, Traci gets €240 for her dollars
