Money Exchange

Student Apozee

Student

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How many US S can be bought with the amount of Nepali currency that can buy £200 after allowing 10% devaluation in Nepali currency and 4% bank commission? (Before devaluation selling rate, 1 US $ = Rs. 109.45, buying rate £ 1 = Rs 150.26)

  • 24 Dec, 2023
Replies (1)
Vidhyamath Online

Instructor

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Solution:

Here,
1 US $ = Rs. 109.45
£ 1 = Rs. 150.26

After devaluation,
1 US $ = Rs. 109.45 + 10% of 109.45 = 120.395
£ 1 = Rs. 150.26 + 10% of 150.26 = 165.286

∴ £ 200 = Rs. 165.286 × 200 – 4% commission = Rs. 31734.912
∴ Rs. 31734.912 = 31734.912/120.395 = 263.59 US $

∴ 263.59 US $ can be bought.

  • 24 Dec, 2023

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