An exchange bureau charges 5% commission for any transaction they do. An american tourist received Sh 408,000

      

An exchange bureau charges 5% commission for any transaction they do. An american tourist received Sh 408,000 when the exchange rates were as shown below
1 U.S Dollar----Buying: Sh 77.32---Selling Sh 77.86

  

Answers


Raphael
95% = 408 600
100% = ?

= $\frac{100}{94} \times 408 600$

= 430 105.20

The exchange bureau bought the dollar using the buying rate of 1 U.S Dollar = Sh 77.30

Therefore for Ksh 430 105.20, the bureau bought

$\frac{430 105.20}{77.32}$ = 5,562.66

The tourist had 5,562.66 U.S Dollars
raphael answered the question on January 24, 2017 at 05:45


Next: What factors may undermine the administration of justice in Kenya?
Previous: Simplify the following expression completely

View More Mathematics Questions and Answers | Return to Questions Index


Exams With Marking Schemes

Related Questions