Question

The selling rate of 1 Singapore dollar in a bank was Rupees.75.40. If the bank bought 4000 Singapore dollar & sold so that the bank made a profit of Rupees.3200, Find the buying rate of 1 Singapore dollar

Answer 1

Given :  The selling rate of 1 Singapore dollar in a bank was Rupees. 75.40. If the bank bought 4000 Singapore dollar & sold so that the bank made a profit of Rupees. 3200,

To  Find :  the buying rate of 1 Singapore dollar

Solution:

The selling rate of 1 Singapore dollar in a bank = Rs 75.4

Buying Rate for Bank = Rs 75.4

Cost price for Bank for 4000 $ = 4000 x 75.4

= 301600

Profit Made = 3200

Selling Price for Bank = 301600 + 3200

= 304800  Rs

Selling Price  per dollar for Bank = 304800/4000 =  76.2  Rs

Buying rate from bank for 1 dollar = 76.2 Rs

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Answer 2

Answer:

• Answer:Step-by-step explanation:selling rate,profit and money to be exchange is given.
• Answer:Step-by-step explanation:selling rate,profit and money to be exchange is given. we know that during this transaction money to be exchange remain constant,
• Answer:Step-by-step explanation:selling rate,profit and money to be exchange is given. we know that during this transaction money to be exchange remain constant,since we have profit, then we should apply the formula of profit which is s.p - c.p
• Answer:Step-by-step explanation:selling rate,profit and money to be exchange is given. we know that during this transaction money to be exchange remain constant,since we have profit, then we should apply the formula of profit which is s.p - c.ps.p is obtained by multiplying selling rate and money to be exchange I.e 4000 SDG
• Answer:Step-by-step explanation:selling rate,profit and money to be exchange is given. we know that during this transaction money to be exchange remain constant,since we have profit, then we should apply the formula of profit which is s.p - c.ps.p is obtained by multiplying selling rate and money to be exchange I.e 4000 SDGc.p is obtained by multiplying buying rate. we have supposed buying rate I.e x. we should multiply it with SDG
• Answer:Step-by-step explanation:selling rate,profit and money to be exchange is given. we know that during this transaction money to be exchange remain constant,since we have profit, then we should apply the formula of profit which is s.p - c.ps.p is obtained by multiplying selling rate and money to be exchange I.e 4000 SDGc.p is obtained by multiplying buying rate. we have supposed buying rate I.e x. we should multiply it with SDG and then we should apply the formula by placing the value s.p and c.p