Xud. Makes an import of US$ 1.500 on 1st
April
, 2007. The exchange rate on 1st April
2007 s US $ 1= 49
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Answer:
Total value of the Imports in Domestic currency = Rs.73500
Explanation:
The Given Question is incomplete and the question can be;
Question:
Xud. Makes an Import of US$ 1500 on 01-04-2007. The exchange rate on 01-04-2007 is US$1 = Rs.49. Calculate the value of Inventory in domestic currency.
Given:
- Value of the import in Foreign Currency as on 01-04-2007 is equal to US$1500
- Exchange rate as on 01-04-2007 is US $1 = 49
- Value of Imports in Domestic currency = US$ 1500 × Rs.49 i.e. Rs.73500
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