Question

the Swiss Franc costs 1.25 Dollarsto buyand 1.20to sell. The Thailand Baht cost $ 0.37 to buy and $ 0.35 to sell. Find the Buy and Sell pricesof the Swiss Franc per 1 Baht.

Answer 1

Answer>

1 thailand baht sells at 0.35 per dollar.

Hence amount of thailand baht sold to obtain 1 dollar = 1 / 0.35 = 2.857 bahts ----- (i)

Now 1 dollar purchases 1 / 1.25 Swiss Franc

Therefore amount of swiss francs purchased in 1 dollar = 1 / 1.25 = 0.8 ------- (ii)

Hence

From (i) & (ii)

no. of swiss franc purchased for 2.857 bahts = 0.8

1 swiss franc is purchased for 2.857 / 0.8 = 3.571 bahts

Hence the Buy price of swiss franc is 3.571 bahts or 1 baht can buy 0.28 swiss francs.

Therefore the buying price of swiss franc is 0.28 per 1 baht

Now,

1 swiss franc is sold for 1.20 dollars

Therefore, 1 / 1.20 = 0.833 swiss francs is sold for 1 dollar ---- (i)

1 baht is bought for 0.37 dollar

Therefore, 1 dollar buys 1 / 0.37 bahts = 2.703 bahts ---- (ii)

From (i) &(ii),

0.833 swiss francs is sold for 2.703 bahts

or 1 swiss franc is sold for 3.245 bahts or 1 / 3.245 =0.308 swiss franc is sold for 1 baht

Therefore the selling price of swiss franc is 0.308 per 1 baht

Hope this answers your question