A man obtained N48,000.00 in exchange for $600.00. what is the of one dollar to the naira in the exchange?

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Mathematically

$600 got #48,000

$1 got X

600=48000

1=X

Cross multiply

600x=48000

Divide both sides by the coefficient of X

600x/600=48000/600

X=80.

Therefore $1 is equivalent to #80 in exchange rate.

Finding the value of one dollar

$600 = N48000

$1. = X

We now need to find the value of x

We cross multiply

600x = 48000

Diving both side be co efficient of x

X = 48000\600

X= 80

So therefore the exchange here 1$ is equal to N80