Answer:
The man has made a profit, for with the same money he bought more British Pounds than he could have bought a week later.
Step-by-step explanation:
Given that a man converted Rs. 150000 into pound sterling, and after one week Nepalese rupees devalued by 5%, to find if you have obtained a profit or a loss, the following calculation must be performed:
150,000 / 77.02 = X
1,947.55 = X
150,000 / (77.02 x 1.05) = X
150,000 / 80.87 = X
1,854.82 = X
Therefore, the man has made a profit, for with the same money he bought more British Pounds than he could have bought a week later.
