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A shop buys and sells products Sell at Dh 9
Click on screen A bank is a money shop A shop buys and sells products Sell at Dh 9 Buy at Dh 4 Profit Dh 5 The bank buys and sells FOREIGN CURRENCY Sell at Dh By buying and selling one Euro, Buy at Dh the bank makes a profit of 11 fils Profit Dh
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The customer sells Euros The bank buys Euros Use the buy rate buy sell Solve the proportion x = 50 x Set up a proportion x = 1 Euro = Dh x 1 EURO : Dh = …… EURO : Dh ……. For 50 Euros the customer gets Dh 50
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x = 100 / 4.34971 x = 22.99003842 x The customer buys Euros
Do not think in Dirhams Think in Euros The bank sells Euros Use the sell rate The customer exchanges 100 Dirhams Set up a proportion Solve the proportion buy sell x = 100 / x = 1 Euro = Dh x 1 EURO : Dh = …… EURO : Dh ……. 100 For 100 dirhams the customer gets Euro 22.99
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