To determine the value of goods in NC (Native Currency) when purchasing goods in Bangkok for Thai Baht 1000, we will follow these steps:
1. Convert Thai Baht to Indian Rupees:
- According to the exchange rate, 1000 Thai Baht equals Rs 500.
Therefore, the value of the goods in Indian Rupees (INR) is:
[tex]\[
1000 \text{ Thai Baht} = 500 \text{ INR}
\][/tex]
2. Convert Indian Rupees to Native Currency (NC):
- As per the given exchange rate: Rs 3.08 is equivalent to 1.5 NC.
First, we need to determine the rate of 1 INR to NC. We can find this by dividing the NC value by the INR value:
[tex]\[
\text{Exchange rate from INR to NC} = \frac{1.5 \text{ NC}}{3.08 \text{ INR}}
\][/tex]
Simplifying the exchange rate:
[tex]\[
\text{Exchange rate from INR to NC} = \frac{1.5}{3.08}
\][/tex]
3. Calculate the value in NC:
- Now, using the exchange rate, we convert the value of the goods in INR to NC:
[tex]\[
\text{Value in NC} = \text{Value in INR} \times \text{Exchange rate from INR to NC}
\][/tex]
Substituting the values:
[tex]\[
\text{Value in NC} = 500 \text{ INR} \times \frac{1.5}{3.08}
\][/tex]
Therefore, the value of goods in NC is approximately 1026.67 NC.
The step-by-step solution allows us to find that:
1. The value of goods in Indian Rupees (INR) is 500.0 INR.
2. The value of goods in Native Currency (NC) is 1026.67 NC.
