Question

The buying and selling rate of 1 pound are rs 148 and rs150 respectively. Gorkhe bought pound sterling of rs 60000.And sold in the next day in which Nc is devaluated by 10% what will be the profit percent?

Answer 1

• 11.49% profit

Explanation:

• Buying rate = Rs. 148
• Selling rate (initially) = Rs. 150

Selling rate after devaluation:

• Rs. 150 + 10% = Rs. 150*1.1 = Rs. 165

Rate difference:

• 165 - 148 = 17

Profit %

• 17/148*100% = 11.49%