ssion, A project was contracted with total amount of Chinese Yuan 10,00,000 after 10% devaluation of Nepali rupee, how much should the contractor add to complete the contract?
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Answer:
Solution:Here,
Chinese Yuan =10,00,000
1 Yuan= Rs. 15.58
10,00,000 Yuan = Rs. 15.58×10,00,000
=Rs.1,55,80,000
Now,
New exchange rate after 10% devaluation
1 Yuan =15.58+10%of 15.58
=15.58+10/100×15.58
=15.58+1.558
=Rs.17.138
Then,
10,00,000=Rs.17.138×10,00,000
=Rs. 1,71,38,000
At last= Rs. 1,71,38,000- 1,55,80,000
=Rs. 15,58,000
Therefore, the contractor should add Rs. 15,58,000 to complete the contract.
Thank you!!
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