Let's break down the problem step by step:
1. Understanding the Question:
- We are given the buying and selling rates for £1:
- Buying Rate: Rs. 165
- Selling Rate: Rs. 165.90
2. Extracting and Using the Given Data:
- Assume we are exchanging money in such a way that results in us obtaining Rs. 3,240,000 (Re 3240000).
3. Using Selling Rate to Determine the Amount of Currency Obtained:
- We need to understand how many British Pounds (£) were exchanged to get Rs. 3,240,000.
- Since we are looking at the value received from selling the currency, we use the selling rate.
4. Calculation:
- The selling rate is Rs. 165.90 per £1.
- We were able to get Rs. 3,240,000 by selling British Pounds at Rs. 165.90 per £1.
5. Finding the Number of British Pounds Exchanged:
[tex]\[
\text{Number of Pounds} = \frac{\text{Total Rs. Obtained}}{\text{Selling Rate per Pound}}
\][/tex]
[tex]\[
\text{Number of Pounds} = \frac{3,240,000}{165.90}
\][/tex]
6. Simplifying:
- When dividing Rs. 3,240,000 by Rs. 165.90, the resultant number gives the total British Pounds (£) obtained.
Given that we understand the process and work through the calculation, we would immediately find that the number of British Pounds (£) you need to sell to receive Rs. 3,240,000 is a large number derived from the division above.
Thus, selling approximately 19532.43 British Pounds (£) would yield Rs. 3,240,000 when using the selling rate of Rs. 165.90 per £1.
