Question: How many units of currency C did the outlet sell on that day?
Explanation:
Suppose the base exchange rates of A, B and C w.r.t L are 100m, 120m and m respectively.
Therefore we have the following:
Given: The outlet received 88000 units of L by selling A. Therefore the number of units of A sold
= 88000 110 m = 800 m
From point 3, the number of units of L received by selling B = 9 5 × 88000 = 158400
Therefore the number of units of B sold = 158400 132 m = 1200 m
From points 5 and 6, the number of units of A bought = 800 + 800 m
Therefore, the number of units of L paid to buy A
= 95m 800 + 800 m = 76000 (1 + m)
From point 2, the number of units of L paid to buy B =
3 5 × 76000 (1 + m) = 45600 (1 + m)
Therefore the number of units of B bought = 45600 ( 1 + m ) 114 m = 400 + 400 m
From points 5 and 6,
1200 m = 400 + 400 m . Solving for m, m = 2
Therefore we have the following
If the number of units of C sold = x, from points 5 and 6, the number of units of C bought = x + 3000.
Therefore, we get, 1.9(x+3000)=2.2x or solving for x, x = 19000.
Using the value of m, we get the following table for the number of units of A, B and C bought and sold.
The outlet sold 19000 units of currency C on that day.
Hence, option (c).