Question

IF a man converted Rs.150000 into pound sterling.

After one week Nepalese rupees devalued by 5% then find

the he has profit or loss. ( 1 pound sterling = Rs.77.02)​

Answer 1

The man has made a profit, for with the same money he bought more British Pounds than he could have bought a week later.

Explanation:

Given that a man converted Rs. 150000 into pound sterling, and after one week Nepalese rupees devalued by 5%, to find if you have obtained a profit or a loss, the following calculation must be performed:

150,000 / 77.02 = X

1,947.55 = X

150,000 / (77.02 x 1.05) = X

150,000 / 80.87 = X

1,854.82 = X

Therefore, the man has made a profit, for with the same money he bought more British Pounds than he could have bought a week later.