Ten > Currency and Exchange Rate
Asked by Basanta ยท 2 years ago

If the selling rate and the buying rate of 1 US dollar are Rs 131 and Rs 130 respectively. Mr. Pemba bought US dollars for Rs 51,090 and sold it the next day.

  1. Which rate does the bank use to exchange Rs 51,090 in US dollars?
  2. What will be the new exchange rate if Nepali money is devaluated by 10%?
  3. How much Nepali money can Pempa re-exchange? 
  4. What will be the profit percent?

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