Ten > Currency and Exchange Rate
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.
- Which rate does the bank use to exchange Rs 51,090 in US dollars?
- What will be the new exchange rate if Nepali money is devaluated by 10%?
- How much Nepali money can Pempa re-exchange?
- What will be the profit percent?
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