Question

Suppose that the Balance of Trade (BOT) of a nation, exhibits a surplus of ₹ 20,000 crores. The import of merchandise of the nation is half of the exports of merchandise to the rest of the world. The value of exports would be ₹______ crores.​

Answer 1

Answer:

Answer is ₹40,000 crores.

Answer 2

Given:

Balance of trade = ₹20000 crores.

Imports is half the exports.

To find:

the value of exports.

Solution :

Balance of trade in surplus = ₹20,000crores.

Import = half of exports.

let the amount of exports be 'x'

$balance \: of \: trade = exports - imports$

$20000 = x - \frac{x}{2}$

$20000 = \frac{2x - x}{2}$

$20000 \times 2 = 1x$

$40000 = x$

Therefore the amount of exports is ₹40000 crores.