Question

a Merchant of New York bought some goods from Nepal worth Rs 55680 if 1 dollar = rs 72.50 and £1= Rs 128 if by sending money through London he saves 19.80 Dollars find the rate of exchange between new York and London? ​

Answer 1

£1 = $1.72

Explanation:

55680/72.50=768

55680/128=435

768.00 - 19.80 = 748.20

x = 748.20 / 435

x = $1.72

Answer 2

$1.85 = £1

Explanation:

55680/72.50 = 786

55680/128 = 435

435x = (786 + 19.80)

x = 805.8/435

x = 1.85