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Click on screen A shop buys and sells productsA bank is a money shop Buy at Dh 4.24135 Sell at Dh 4.34971 Profit Dh 0.10836 The bank buys and sells FOREIGN.

Published byDonald Bond Modified over 9 years ago

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Presentation on theme: "Click on screen A shop buys and sells productsA bank is a money shop Buy at Dh 4.24135 Sell at Dh 4.34971 Profit Dh 0.10836 The bank buys and sells FOREIGN."— Presentation transcript:

1 Click on screen A shop buys and sells productsA bank is a money shop Buy at Dh 4.24135 Sell at Dh 4.34971 Profit Dh 0.10836 The bank buys and sells FOREIGN CURRENCY By buying and selling one Euro, the bank makes a profit of 11 fils Buy at Dh 4 Profit Dh 5 Sell at Dh 9

2 Use headphones or loudspeakers The customer sells Euros The bank buys Euros buysell Euro4.241354.349711= Dh Set up a proportio n 1 EURO : Dh 4.24135 = …… EURO : Dh …….50 x Solve the proportio n x = 50 x 4.24135 x = 212.0675 For 50 Euros the customer gets Dh 212.07 Use the buy rate

3 The customer buys Euros The bank sells Euros buysell Euro4.241354.349711 1 EURO : Dh 4.34971 = …… EURO : Dh ……. x x = 100 / 4.34971 x = 22.99003842 100 For 100 dirhams the customer gets Euro 22.99 = Dh Do not think in Dirhams Think in Euros The customer exchanges 100 Dirhams Use the sell rate Set up a proportio n Solve the proportio n

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