Question

A businessman exchanged Nepali currency RS1100000 into American dollar at the rate of $=NRS 110 After four days Nepali currency was revaluated by 5% and he exchanged the dollar into Nepali currency again. What is his gain or loss Find it
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Answer 1

Answer:

1 NPR 0.00839851 USD

5 NPR 0.0419926 USD

10 NPR 0.0839851 USD

25 NPR 0.209963 USD

50 NPR 0.419926 USD

100 NPR 0.839851 USD

500 NPR 4.19926 USD

1,000 NPR 8.39851 USD

5,000 NPR 41.9926 USD

10,000 NPR 83.9851 USD

50,000 NPR 419.926 USD

Answer 2

loss was Rs. 55,000.

Step-by-step explanation:

here

initial amount = Rs.1100000

old rate = Rs 110

$1=(1\110)

now,

$ = 1100000x1\110

=$10,000

4day after revaluated = 5%

Now,

new rate $ 1 = 110 - (5\100) x110

= 110-5.5

=104.5

so, the new rate $1= Rs. 104.5

again,

After revaluation

$10,000 = 10,000x 104.5

= Rs. 1,045,000

Loss amount= Am. before revaluation - Am. after revaluation

= 1100000 -1045000

=Rs.55,000

Therefore, the businessman's loss was Rs. 55,000.