Question

according to the exchange rate what amount of pound sterling after devalauting nepali currency by 10% and 3% commission can be bought by the amount which can buy 4750pound?

Answer 1

Question :- According to the exchange rate what amount of pound sterling after devalauting nepali currency by 10% and 3% commission can be bought by the amount which can buy 4750 pound ?

Solution :-

Given that, The initial amount is 4750 pound.

→ Initial Amount = 4750 pound

→ First commission on currency = 10% .

Than,

→ Amount after commission = 4750 * (100 - 10) / 100 = (4750 * 90) / 100 = 475 * 9 = 4275 Pound.

Now,

→ Amount after first commission = 4275 pound

→ second commission = 3%

Therefore,

→ Amount after first commission = 4275 * (100 - 3) / 100 = (4275 * 97) / 100 = 4146.75 Pound.

Hence, amount of pound sterling after devalauting nepali is 4146.75 pound.