Attempt following question by selecting a choice to answer.
B
Haris spends RM3500 to buy a desktop computer and sells it for
US$1050. How much
profit (in RM) does he make?
[The currency exchange rate for one US dollar is RM3.40.]fff BBBA.
BRM20
B.
BRM40
C.
BRM50
D.
BRM70
BB
D
Step 1: The currency exchange rate for one US dollar is RM3.40.
Step 2: The cost price of the computer = RM3500
Step 3: The selling price of the computer = US$1050
Step 4: = 1050 × RM3.40 = RM3 570
[Convert $1050 into RM.]
Step 5: Profit = selling price - cost price
Step 6: Profit = RM3 570 - RM3 500 = RM70
Step 7: So, the profit made by Haris = RM70.