Lakh - wikipedia Lakh unit in Indian numbering system A lakh ( / læk, lɑːk / ; abbreviated L ; sometimes written Lac or Lacs ) is a unit in the Indian numbering system equal to one hundred thousand ( 100,000 ; scientific notation : 10 ). In the Indian convention of digit grouping, it is written as 1, 00,000. For example, in India 150,000 rupees becomes 1.5 lakh rupees, written as ₹ 1, 50,000 or INR 1, 50,000. It is widely used both in official and other contexts in Bangladesh, Bhutan, India, Myanmar, Nepal, Pakistan, and Sri Lanka. It is often used in Indian, Pakistani, and Sri Lankan English. In Pakistan, the word lakh is used mostly in local languages rather than in English media. Contents 1 Usage 1.1 Money 1.2 Silver market 2 Etymology and regional variants 2.1 South Asian languages 3 See also 4 References 5 External links Usage In Indian English, the word is used both as an attributive and non-attributive noun, and with either a marked ( `` - s '' ) or unmarked plural, as in : `` 1 lakh people '' or `` 1 lakh of people '' ; `` 200 lakh rupees '' ; `` 5 lakh of rupees '' ; `` rupees 10 lakhs '' ; or `` 5 lakhs of rupees ''. In the abbreviated form, usage such as `` ₹ 5L '' ( for `` rupees 5 lakhs '' ) is common. In this system of numeration 100 lakh is called one crore and is equal to 10 million. Money In colloquial Urdu, especially in the city of Karachi, the word peti ( `` suitcase '' ) is also used to denote one lakh rupees. This originated during the General Zia era, when the largest denomination of currency was the 100 rupee note, and one lakh rupees would fill a small suitcase ( peti as in Bombay Hindi ). Hence, even after the Zia era, one peti has continued to mean one lakh rupees. The word lakhi is commonly used throughout Tanzania to denote 100,000 shillings and is likely to have entered the Swahili language from Indian and Pakistani immigrants. Silver market The term is also used in the pricing of silver on the international precious metals market, where one lakh equals 100,000 troy ounces ( 3,100 kilograms ) of silver. Etymology and regional variants The root of the word lakh might be the Pali lakkha ( masculine noun, `` mark, target, stake in gambling '' ), from which the numerical meaning, `` one hundred thousand '' is derived. Another possible root could be the Sanskrit laksha ( Devanagari : लक्ष lakṣa ), which has similar meanings in that language. South asian languages Assamese : লাখ lakh Bengali : লাখ lakh or লক্ষ lokkho Dhivehi : ލައްކަ lakka Gujarati : લાખ lākh Hindi : लाख lākh Bombay Hindi : पेटी peṭi ( Peṭi refers to a briefcase. That is, the amount of money in ₹ 100 notes that can fit into a briefcase. ) Kannada : ಲಕ್ಷ laksha Kashmiri : lach Konkani : लाख lākh or ಲಕ್ಷ lakṣa Malayalam : ലക്ഷം laksham Marathi : लाख lākh or लक्ष lakṣa Nepali : लाख lākh Odia : ଲକ୍ଷ lôkhyô Pashto : لاکھ lakh Punjabi : ਲੱਖ / لکھ ‬ lakkh Romani : लाख lakh Sanskrit : लक्ष lakṣá Sindhi : لک ‎ lakhu Sinhalese : ලක්ෂ laksha Tamil : லட்சம் laṭcham Telugu : లక్ష lakṣha Tulu : ಲಕ್ಷ laksha Urdu : لاکھ lākh See also Crore ( = 100 lakh ) Myriad Names of large numbers Names of numbers in English References ^ Jump up to : Rowlett, Russ ( 2008 - 12 - 15 ) ( 1998 ). `` lakh ''. How Many ? A Dictionary of Units of Measurement. University of North Carolina at Chapel Hill. Archived from the original on 2016 - 07 - 02. Retrieved 2016 - 08 - 29. Jump up ^ `` lakh ''. Oxford English Dictionary ( 1st ed. ). Oxford University Press. 1933. Jump up ^ Lange, Norbert Adolph ( 1973 ) ( 1934 ). Dean, John Aurie, ed. Lange 's Handbook of Chemistry ( 11 ed. ). New York, USA : McGraw - Hill Book Company. p. 3 - 16. ISBN 0 - 07 - 016190 - 9. Retrieved 2016 - 08 - 28. Prefixes for Naming Multiples and Submultiples of Units : (... ) The prefix `` myria '' is sometimes used for 10 and `` lakh '' for 10. Jump up ^ Gilkes, Paul ( 3 July 2017 ). `` CME Group / Thomson Reuters step down from executing the London silver fix ''. Retrieved 5 July 2017. Jump up ^ `` Units of Measure ''. perthmint.com.au. Retrieved 6 September 2015. Jump up ^ Turner, Sir Ralph Lilley ( 1985 ). `` lakṣá10881 ''. A Comparative Dictionary of the Indo - Aryan Languages. London : Oxford University Press, 1962 - 1966. Includes three supplements, published 1969 - 1985. Digital South Asia Library, a project of the Center for Research Libraries and the University of Chicago. p. 629. Archived from the original on 2012 - 12 - 15. Retrieved 2010 - 08 - 22. lakṣá10881 lakṣá masculine ʻ stake, prize ʼ R̥gveda, ʻ mark, sign ʼ Mahābhārata, ʻ 100,000 ʼ Yājñavalkya, ʻ aim ʼ Kālidāsa, lakṣya -- neuter, masculine ʻ aim ʼ Muṇḍ Upaniṣad, ʻ prize ʼ Mahābhārata, ʻ 100,000 ʼ Mahābhārata,. ( √ lakṣ. For derivation from root to become numeral, see Addenda : Pali lakkha -- masculine ʻ mark, target, stake in gambling ʼ ; Oṛiyā lākha, nākha ʻ aim, distinguishing mark ʼ, lācha ʻ brand ʼ ; Gujarātī lāchɔ masculine ʻ burning the feet ʼ ; Marāṭhī lās masculine ʻ mark made by cautery ʼ, neuter. ) External links IINRG, Ranchi. `` Government Organisation ''. 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Question: one hundred thousand is equal to how many lakhs
Answer: one