Question

importance of 1 rupees explain ​

Answer 1

✅verified Answer ✅

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explain

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A new perspective of One Rupee.

A new perspective of One Rupee.I have a scenario which reflects the importance of One Rupee in an Indian Economy. Not only this, it also highlights the significance of every small denominations amount in every economy.

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Why you should collect that 1 rupee change from the supermarket.

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Suppose 500 people visit SuperMarkets daily. No one collects change or very few collects.

Suppose 500 people visit SuperMarkets daily. No one collects change or very few collects.500×1= Rs 500.

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For 365 days, 500×365 = Rs 1,82,500

For 365 days, 500×365 = Rs 1,82,500This is from ONE Super MARKET.

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There are 1500 Supermarkets in the country.

There are 1500 Supermarkets in the country.Rs 1,82,500×1500 = Rs 273,750,000

There are 1500 Supermarkets in the country.Rs 1,82,500×1500 = Rs 273,750,000More than 27crore per year.

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the worst part about this is, IT'S NOT EVEN TAXABLE because the bill doesn't count the one rupee, remember?

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Now you know why they always put price tags like 49/- 99/- 999/- only?

Now you know why they always put price tags like 49/- 99/- 999/- only?

Answer 2

Depends on who is judging the value of that 'one rupee'. To many, even a hundred or a five