Monday, August 15, 2011

An importer bought cars from japan.the total amount of an invoice was JPY215,000,000.the invoice was dated on?

an importer bought cars from japan.the total amount of an invoice was JPY215,000,000.the invoice was dated on 15 april,when the selling rate for the japanese yen was 139.50.the company paid the invoice on the 30April when the selling rate was 141.15.How big was the company's foriegn exchange profit in euros and as a percentage?

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