The meaning of 'per' or 'at the rate'

Using the example of exchange rates under Brexit, we look at what 'per' or 'at the rate' means.

Transcript

1. A Problem To Solve By Nikhil David
2.  My uncle is traveling from England to India  While in England, he earned some money in pounds The Problem Statement
3.  After reaching India, he needs to exchange his Pounds for Indian Rupees The Problem Statement
4.  But after recent events, he has a doubt  After Brexit, the exchange rate for Pounds -> INR has gone down The Problem Statement
5.  Before Brexit, exchange rate was 100 INR per Pound  After Brexit, exchange rate is 87 INR per Pound  The question is: Is this good for him, or bad?  What do you think? The Problem Statement
6.  It's bad.  Why?  Question: How bad? The Problem Statement
7.  The loss is 100 – 87 = 13 INR per Pound  What does per mean?  It means the rate of loss  It means for every Pound, he loses 13 INR.  Per = for every Solution
8.  Question: Suppose he takes 100 Pounds to India. What is the total loss? Another Problem
9.  Answer:  Total number of Pounds = 100  Rate of Loss = 13 INR per Pound  So, Total Loss = 13 * 100 = 1300 INR Solution
10.  Thank You!