Millions to Lakhs with Examples and FAQs

The conversion from millions to lakhs is based on the formula:

1 Million = 10 Lakhs

Where Millions is an International Numeral System unit and Lakhs an Indian.

Millions to Lakhs

Do you know what a million is?

Million is one thousand thousand or 1, 000, 000 in number. It is a part of the International Numeral System.

In International Numeral System the place value is started from ones and follows the given pattern:

Ones → Tens → Hundreds → Thousands → Ten Thousand → Hundred Thousand → Million → Ten Million → Billion(100 Million)

Now, that we know what a million is, let’s discuss about 1 Lakh briefly.

Lakh is a part of the Indian Numeral System and its value is 1, 00, 000. 

According to the International Numeral System, 1 Lakh is equivalent to a Hundred Thousand and is represented as 100,000.

Since, 1 Million is One Thousand Thousand or 1, 000, 000.

Therefore, 1 Million = 10 Lakhs.

Table for Millions to Lakhs

Examples

1. Ravi needs to pay ₹1.2 Million to a company. Can you tell how much is he exactly paying in Lakhs?

Solution:

Given Ravi will pay ₹1.2 Million to a company.

We know, 1 Million = 10 Lakhs

∴ ₹1.2 Million = ₹(1.2 × 10) Lakhs = ₹12 Lakhs

Ravi will be paying ₹12 Lakhs to the company.

2. If a ticket to the U.K. costs ₹ 1 Lakh then what is its cost in Million?

Solution:

Given the cost of the ticket is ₹1 Lakh.

We know, 1 Million = 10 Lakhs. 

∴ ₹ 1 Lakh = ₹\frac{1}{10} Million = ₹0.1 Million

The price of the ticket to the U.K. costs ₹0.1 Million.