Lakh is a unit in the Indian place-value system that is equal to a hundred thousand and is written as 1,00,000.
It originated in India and was initially used to represent a stake in gambling.
You might find yourself in a situation where you don't have the number written in front of you but need to know how many zeros are in 1 lakh, in which case you should know that 1 lakh has 5 zeros. Read more