Money - how to write it down?

#1 Jan 18th, 2007, 17:28
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  • Lexicon is offline
#1
Can anyone help me out with an explanation of how prices etc are actually written down (on Indian websites mainly), for example ..

Rs.10,000/-
Rs.20.05 per mille

What does the /- really mean? Does the bottom one really mean 20.05 rupees (on the basis that 0.05 of a rupee is amazingly small) and would I be right in assuming that a mille is a thousand rupees?
#2 Jan 18th, 2007, 17:39
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  • nayan is offline
#2
RS 10.00 = ten rupees
Rs 10.05 = ten rupees ten paisa

Rs20,000 = rupees twenty thousand
Rs20,000/- = rupees twenty thousand.
the last stroke and dash is used(usually in cheques) so that no more zeros can be added and frauds done.
#3 Jan 18th, 2007, 17:41
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  • SANJAY_DEL is offline
#3
Ten thousand rupees can be written as:
Rs 10000.
Rs 10,000.
Rs 10 000.
Or as above.
/- indicates . (period, no more zeroes.)
#4 Jan 18th, 2007, 18:48
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  • Nick-H is offline
#4
Nayan... correction: ten rupees, five paise. Slip of the fingers, now doubt ;0

Now for your advanced lesson.

Rs.1,00,000 = One "Lakh" Rupees.

Rs.1,00,00,00 = one "Crore" Rupees.
#5 Jan 18th, 2007, 18:55
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  • Lexicon is offline
#5
In the Lakh you have put the comma's in different place to the Crore? (UK would show as 100,000 and 1,000,000) ... and the mille?
#6 Jan 18th, 2007, 19:01
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  • nayan is offline
#6
The general rule is
1. points used to denote decimal
2. comma just used to make the number more readable. there is no hard and fast rule abt comma placing.
you can write 1 lakh as 100000 as well.
#7 Jan 18th, 2007, 21:08
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  • JesKaliebe is offline
#7
Quote:
Originally Posted by Nick-H Nayan... correction: ten rupees, five paise. Slip of the fingers, now doubt ;0

Now for your advanced lesson.

Rs.1,00,000 = One "Lakh" Rupees.

Rs.1,00,00,00 = one "Crore" Rupees.

Not entirely correct, Nick.. One crore = 10 million, and as such there must be 7 zeros, alas: 1,00,00,000
#8 Jan 18th, 2007, 21:13
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  • Digital Drifter is offline
#8
Quote:
Originally Posted by nayan The general rule is
1. points used to denote decimal
2. comma just used to make the number more readable. there is no hard and fast rule abt comma placing.
you can write 1 lakh as 100000 as well.
ummm....actually there is, about comma placing. whether you want t o use it or nor is different. In the SI/English/European? system from what I've understood it, the commas separate every 3 numbers in a long sequence which is logical given the naming convention

1,222,000 is easily read as 1 million two hundred and twenty two thousand

The Indian way would be
12,22,000 twelve lakhs and twenty two thousand.
and 100 lakhs is a crore.
#9 Jan 18th, 2007, 21:25
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  • SANJAY_DEL is offline
#9
Simply put:
Rs 10 000 Ten thousand
Rs 100 000 Hundred thousand = ONE LAKH
Rs 1 000 000 One Million = TEN LAKHS
Rs 10 000 000 Ten Million = ONE CRORE
The next big unit is ARAB
Then there is KHARAB
But most figures quoted are in lakhs or crores, even Rs 1500 crore, etc.
#10 Jan 18th, 2007, 23:17
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  • Nick-H is offline
#10
Quote:
Originally Posted by Lexicon In the Lakh you have put the comma's in different place to the Crore? (UK would show as 100,000 and 1,000,000) ... and the mille?
A Lakh is a hundred thousand; a crore is a hundred lakh --- the comas represent that.
#11 Jan 18th, 2007, 23:21
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  • SANJAY_DEL is offline
#11
Quote:
Originally Posted by Lexicon Can anyone help me out with an explanation of how prices etc are actually written down (on Indian websites mainly), for example ..

Rs.10,000/-
Rs.20.05 per mille

What does the /- really mean? Does the bottom one really mean 20.05 rupees (on the basis that 0.05 of a rupee is amazingly small) and would I be right in assuming that a mille is a thousand rupees?
But don't you worry about all this!
If you want to spend a million rupees somewhere, people will surely understand, and welcome you with a zillion dollar smile!
#12 Jan 18th, 2007, 23:27
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#12
you are correct sanjay, that's the way it is
#13 Jan 19th, 2007, 22:48
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#13
Depending upon the context (for instance, if the figure is being quoted for a taxicab), the "mille" in "Rs.20.05 per mille" might actually be mile Then again, it might be kilometer - since India is on metric system...
#14 Jan 27th, 2010, 08:57
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#14
Good time to revive this thread.

Soon, the rupee will have a symbol, much like the $

rediff reports :

http://business.rediff.com/slide-sho...-finalists.htm

I got excited seeing the news. Unfortunately, the story doesn't show us the shortlisted entries.

Winner announed in March.
#15 Jan 27th, 2010, 13:33
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  • brishti is offline
#15
correct LBT. this has been on the cards for sometime now... a symbol for the INR.
just hope its not the swastika or something




:brishti

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