You are in a situation where you need to turn Crore into Lakh, or you may be interested in doing this. That’s why we present CalCon’s Crore to Lakh converter, which does all the work for you. In this way, you will calculate how much commission you can earn after concluding a contract that states 50 Lakhs and how much that would be in Crore. Our converter offers answers to everything, and below you can find out more.
Crore to Lakh converter
Our converter works on the principle of two unknowns. You need to enter the Crore value and the Lakh value in the spaces provided, whether you convert Crore to Lakh or vice versa. These units are specific and intended for the Indian place-value system, and we can use them to measure higher monetary values. The formula used for this calculation has the following appearance:
number in lakh = number in crore x 100
What is Crore? The Indian numbering system
Knowledge of the Indian numerical system is essential in defining the above terms. It is a number recording system adapted for use in India. The beginnings of the Indian system date back to the time when people used gravel, rocks, or stones to count. In addition to the well-known and used numerous Roman, binary, Greek, or Arabic systems, many differences can be seen for the Indian number system. The system is specific in that it uses ten symbols representing numbers: 0,1,2,3,4,5,6,7,8,9. In addition to these values, tens, hundreds, thousands, ten thousand, lakhs, ten lakhs, crores, ten Crore are also used. This number system uses commas to separate and divide numbers for easier reading and understanding. The difference between the Indian and international number systems is placing commas after numbers, whereas in the Indian number system, the first comma is placed after hundreds. The value of 1 billion is ten thousand lakhs in the Indian numeral system. In terms of crores, 1 billion is equivalent to 100 crores.
For example: in the Indian number system, you can write 10 crores like this:
10 crore (100000000) = 10,00,00,000
Also, in different local values of numbers, according to the Indian number system, it is possible to write numbers in words, which would look like this:
35,77,95,767 = thirty-five crores seventy-seven lakhs ninety-five thousand seven hundred and sixty-seven
We also need to explain the meaning of Crore. It is the designation or numerical equivalent of 10 million in the international number system. Crore is equal to 100 Lakh in the Indian number system. You can most often use it to mark more considerable sums of money in all countries that follow the Indian number system. As the second most famous unit of the Indian system of local value, Lakh is equal to 100 thousand and is recorded as 1.00.000. Considering the connection of these two units of measurement, we can conclude that 1 crore is equivalent to 100 Lakhs, which means that the ratio is 1:100.
Crore to Lakh Conversion Table
The table below shows the amount of value after the conversion of Crore to Lakhs.
How to Convert Crore to Lakh (cr to lac)?
If we want to compare these numerous units, Lakh and Crore, we can convert one unit into another and vice versa. When you want to convert Crore to Lakh, you can do so by entering values in the following mathematical formula:
1 crore = 100 lakh
according to this formula:50cr = 50\cdot 100 = 5000 lac
How to convert Lakh to Crore?
When you want to convert Lakh to Crore, it is enough to follow one of the following mathematical expressions:
1 Lakh = 0.01 Crore
number in Crore = number in Lakh / 100
Crore to Other Units Conversion Chart
There is an apparent difference between the Indian number system and the International one. We can represent the place values of numbers in the International number system as units, hundreds, thousands, ten thousand, hundreds of thousands, millions, billions, etc. In the following table, you can see a comparison of these two number systems:
According to the Indian number system, there are 100 Lakhs in one Crore.
The unit of measure for a number in the Indian number system is called Crore, and we use it to denote 10,000,000 numbers.
Crore is also known by other names such as Kodi, Karod, Karor, or Koti, which means ten million (10,000,000), and this value is equal to 100 Lakhs. In case it is worth 160,000,000 Crores, you can write it in the way of “16 crore”, “16 cr,” or “sixteen crore rupees.”
Lakh is a unit of measurement for a number used in the Indian number system, and we use it as a notation for 100,000 numbers.
Lakh is used as a unit of local value equal to one hundred thousand or written as follows 1.00.000 and is recognizable by the label lac.
No matter what the amount involved in converting Crore to Lakh, the ratio is 1:100, which means that multiplying the value in Crore by 100 gives you the value in Lakh.
Using the well-known conversion rate from the previous question, we can calculate 2 hundred and 70 Lakhs in 2.7 Crores.