Mathematics · Banking Service Charges and Percentage
An exporter receives 50,000 USD converted at 1 USD = 82 INR. The bank charges a Foreign Inward Remittance commission of 0.15% of transaction value (subject to minimum 500 Rupees and maximum 5,000 Rupees), plus a communication charge of 250 Rupees and 18% GST on total service charges (Commission + Communication charge). What is the total amount in INR deducted as charges?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 16,195.00 Rupees✓
- 26,490.00 Rupees
- 35,250.00 Rupees
- 46,150.00 Rupees
Correct answer
6,195.00 Rupees
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