Commission!
Examples
Convert 1200 Australian dollars (AUD) to French Francs (FF), at a rate of "Buy 3.5959" and "Sell 3.5136."
Find the commission.
Working:
1200 x 3.5136 (sell) = 4217 FF
4217 FF / 3.5959 (buy) = 1173 AUD
1200 - 1173 = 27 AUD commission
| |
GBP |
USD |
AUD |
| GBP |
1 |
1.56 |
2.54 |
USD |
P |
1 |
Q |
| AUD |
0.39 |
1.63 |
1 |
Use the table above to solve these examples.
Convert 2500 USD with 2.5% commission to _____ GBP.
2500 USD x (2.5%/100) = 62.5
2500 - 62.5 = 2437.5
2437.5 x (1/1.56) = 1563 GBP
