When ubisoft purchased an item online from australia for AUD 350.00,the exchange rate was 100 INR for 17.50 (AUD=Australian Dollar). Ubisoft's bank charged him 1.5% for the transaction.
The total cost for the item was
A)20 015
B)20 525
C)23 000
D)30 000
plz answer with clarity !THANKS!!!
assuming you want the cost in INR,
350*(100/17.50) * 1.015 = 20300
??
To find the total cost of the item, we need to consider the exchange rate and the transaction fee charged by the bank.
The first step is to convert the AUD 350.00 to INR using the exchange rate given. The conversion can be calculated as follows:
AUD 350.00 x 100 INR / 17.50 AUD = 2,000 INR
Now we need to consider the transaction fee charged by the bank. The fee is 1.5% of the total cost, which is 1.5/100 x 2,000 INR = 30 INR.
Adding the transaction fee to the total cost, we get the final total cost:
2,000 INR + 30 INR = 2,030 INR
Therefore, the total cost for the item is 2,030 INR.
Based on the options given, none of them match the calculated outcome of 2,030 INR. It is possible that there is an error in the options provided or in the calculations.