1 yard^2 = 0.8361m^2.? Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions.
So he spent (.625 x 400) = $250.00 per m^2. He paid out (500 x 250) = $125,000 on the deal. He received (500 / 0.8361) = 598.014592 yard^2 of fabric. That would have cost (598.014592 x 120) = $71,761.75 locally. He lost (125,000 - 71,761.75) = $53,238.25 on the deal.
You can rework with the incorrect conversion factor.
