SOLUTION: The official rate of exchange in currency from country X to country Y is 40 : 1 while the free exchange rate is 80 :1. how much profit would a man derive if he converts 90 units o

Question 1044429: The official rate of exchange in currency from country X to country Y is 40 : 1 while the free exchange rate is 80 :1. how much profit would a man derive if he converts 90 units of currency from country Y to the currency of country X at the free exchange rate and convert this currency back to country's Y currency at the official rate?
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
Free exchange rate:

-----------------
Official exchange rate:

His profit is:

90 units is his profit
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