Baron went to the bank to buy £400 for a trip to Europe, when the exchange rate was C$1 = £0.5224. But, he decided not to go to Great Britain, so he took the money back to the bank to convert the...

Extracted text: Baron went to the bank to buy £400 for a trip to Europe, when the exchange rate was C$1 = £0.5224. But, he decided not to go to Great Britain, so he took the money back to the bank to convert the Great British pounds back into Canadian dollars. If the exchange rate at the bank had increased to C$1 = £0.6503, determine how many Canadian dollars were lost in these transactions. Assume that the bank charged a commission of 0.40% on the last transaction only.