Question

The balance of trade shows a surplus of Rs 10,000 crores and the import of merchandise is half of the export of merchandise. Find the value of exports.

Answer 1

Suppose the value of exports = X

Balance of Trade = Rs 10,000 crores

Import = $\frac{1}{2}$ of Export

$\Rightarrow 10,000=X-\frac{X}{2}\Rightarrow 10,000=\frac{X}{2}\Rightarrow X=20,000$

Exports = Rs 20,000 crores