Question

When Udar purchased an item online from Australia for AUD 350.00, the exchange rate was 1000 INR for AUD 17.50. ( AUD = Australian dollar ) . Udar's bank charged him 1.5% for the bank transaction. What was the total of the item (in INR)

Answer 1

cost of item on line = 350.00 AUD
exchange rate for 17.50 AUD = 1, 000 INR 

Total amount paid towards the purchase cost of the item = 
                 350.00 * 1, 000 / 17.50  = 20, 000 INR

Transaction charges = 1.5% = 20, 000 * 1.5 / 100 = 300 INR

Total cost incurred by Udar = 20, 300 INR