Question

If $1= rs 115.4 ( buying rate ) and $1=rs116.20(selling rate). find the profit while selling and buying $6000.

Answer 1

The profit is Rs.4800.

What is profit?

When, in a transaction, the selling price is greater than the cost price, it means we earn a profit. It is calculated with the help of the formula: Profit = Selling price - Cost price.

Given that,

S.P =$6000

C.P = $6000

If, 1$ = Rs.115.4 (in cost price)

  1$ = Rs.116.20 (in selling price)

Then,

C.P =  Rs. 115.40×6000

S.P = Rs.  116.20×6000

Then,

Profit = S.P-C.P

         =  116.20×6000 -115.40×6000

         =  (116.20-115.40)×6000

         = 0.80×6000

         =  Rs.4800

Hence, The profit is Rs.4800.

To learn more about profit from the given link:

brainly.com/question/19104371

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