Sorry for the misleading title,but this is urgent.
This is a RTP question. I want to know if there is any shhort way to decide how to appraoch in these type of questions. I mean I know how to solve them but has this to be hit and try everytime?
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Exams postponed
Replies (4)
u have to come up with 2 rates and then decide which one u
should select. Like one rate of GBP and $ u have from question so just find out other using ₹ and then choose which to sell and other for buy
Refer Attached Pdf.
Source conferenza.in
THe rate has been interpretaed as followos
1GBP= Rs 99.10 at London
1 $= rs 64.10 at Mumbai
1$= 1.5530 GBP at NewYork
we are given Rs/$ rate in Indai, we have to find Rs/$ in international market
Rs/$(internationl markest)= 99.10/1.5530
Now In india
Rs/$ = 64.10
In international market
Rs/$ = 63.812
He should sell in India and purchase in International market
Net profir 64.10-63.812= Rs 0.288/ $
Total profit 0.288*20 million Rs 5.76 million
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