Ten > Currency and Exchange Rate
If the selling rate and the buying rate of 1 Pound Sterling (£) are Rs 158 and Rs 157 respectively. Mr. Gorkhe bought Pound Sterling (£) for Rs 49612 and sold it the next day.
- Which rate does the bank use to exchange Rs 49,612 into pound sterling? Exchange Rs 26,000 into pound sterling.
- What will be the new exchange rate if the Nepali money is devaluated by 10%?
- How much Nepali money can Gorkhe re-exchange?
- What will be the profit percent?
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