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Exams postponed

Zoya Khan (ABC) (800 Points)

24 April 2017  

 

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?


 4 Replies

ankita gandhi (student) (5903 Points)
Replied 24 April 2017

u have to come up with 2 rates and then decide which one u
3 Like

ankita gandhi (student) (5903 Points)
Replied 24 April 2017

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
3 Like

Vignesh (Finance Professional) (120 Points)
Replied 25 April 2017

Refer Attached Pdf.

Source conferenza.in 


Attached File : 60568 20170425175422 d 636228839748787703.pdf downloaded: 109 times
1 Like

courageous Aries ( ) (263 Points)
Replied 26 April 2017

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

 

1 Like

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