1. What will be the Bill selling rate for import bill USD 100000.00 if the interbank rate is 48.5600/5700 and margin to be charged is 0.20%.
Solution: Bill selling rate so it simply means Banks are selling. So take the selling rate of 48.57. Apply Margin = 48.57 x 0.20% = 0.09714 .
Keep in Mind : Banks will always Subtract margin while buying and Add margin while selling which simply means buy low and sell high to make profit. Sale, so add margin. Rate = 48.57+0.09714 = 48.66714. Amount debited to customer = 48.66714 x 100000 = 4866714.