Solution-Calculate the rate of commission that the bank

Calculate the rate of commission that the bank charges

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Reference no: EM133164572

Question -

A bank in Mississauga has a buying rate of ¥1 = C$0.01005. If the exchange rate is ¥1 = C$0.01025, calculate the rate of commission that the bank charges to buy currencies.

If £1 = US$1.12792 and A$1 = US$0.8973, how many British pounds will you get for one Australian dollar?

Scarlet Company received an invoice for $69,000.00 that had payment terms of 4/5 n/30. If it made a partial payment of $16,900.00 during the discount period, calculate the balance of the invoice.

The selling price per unit of a product is $35, the fixed costs per month are $12,800, and the total variable costs per month are $11,500 at the break-even point. What is the number of units required to break even?

A store in Vancouver has operating expenses of 15% of the selling price and the operating profit is 10% of the selling price. During a sale, their watches were marked down by 40%. What is the profit or loss at the sale price if they purchased the watches at $317 each?

Reference no: EM133164572

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Calculate the rate of commission that the bank charges : A bank in Mississauga has a buying rate of ¥1 = C$0.01005. If the exchange rate is ¥1 = C$0.01025, calculate the rate of commission that the bank charges

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Calculate the rate of commission that the bank charges

Reference no: EM133164572

Reference no: EM133164572

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