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A shirt costs $8 in the US and Rs 400 in India. By PPP, the rate is
ARs 40 per dollar
BRs 50 per dollar
CRs 60 per dollar
DRs 32 per dollar
Answer & Solution
Correct answer: B. Rs 50 per dollar
Equal cost requires 400 rupees to equal 8 dollars, so one dollar is worth Rs 50.
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