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A Rs 400 Indian shirt rises 20 percent, a $8 US shirt rises 50 percent. PPP rate becomes what?
ARs 50 per dollar
BRs 40 per dollar
CRs 60 per dollar
DRs 30 per dollar
Answer & Solution
Correct answer: B. Rs 40 per dollar
The Indian shirt costs Rs 480 and the US shirt $12, so one dollar must equal 480 divided by 12, which is Rs 40.
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