Why 100K means IDR 100,000? Understand the Origin of the Meaning of K on Price All

KOMPAS.com – The letter K is often used in olshop catalogs to today’s restaurants, for example the prices on display 100K means IDR 100,000.

Meaning of K on price that is displayed often raises curiosity about the value of 1K is equal to how many Rupiah.

A number of questions related to this are often sticking out among readers. What is 10K? What does IDR 50K mean? 1K is how much? 10K means what? What does the 5K price mean?

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These are examples of frequently asked questions. In addition, there is also a question model that asks the reason for using the letter K in a price.

Why is it called 10K? Why does the letter K mean thousand? Why should K not thousands? Why is the price using K? Here’s the explanation.

The use of IDR and K in money

The use of the letter K is also often accompanied by the use of the term IDR, for example the selling price of IDR 200K means IDR 200,000.

In this regard, the use of currency at the displayed price also needs to be considered. IDR 200K, for example, is of course different in value from USD 200K.

IDR stands for Indonesian Rupiah or Indonesian Rupiah. IDR is the official currency code of Indonesia according to ISO 4217.

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Thus, if a product contains a description of IDR 100K, it means that the price of the product is IDR 100,000.

However, in most cases the use of the letter K in the price list does not include the name of the currency such as IDR or USD.

For that case, meaning of K at the price usually refers to the currency provisions in force in each country.

For example, a cup of coffee sold in Indonesia is priced at 20K, meaning that the coffee is sold for Rp. 20,000.

The question is, 1K is equal to how much Rupiah and why is that the stipulation? With the illustration described, the meaning of K in price is in lieu of thousands.

In other words, 1K means 1,000 or if in rupiah currency it means 1K is Rp. 1,000. As a result, it is clear that 100K means 100,000 or Rp. 100,000 and 200K means 200,000 or Rp. 200,000.

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Quoted from Merriam-Webster, the K unit stands for kilo. Kilo is a unit of measurement in the International System of Units or SI (Système international d’unités).

There are kilometers as a unit of distance, then kilograms as a unit of weight. In levels, a kilo is equal to 1,000 grams and 1,000 meters.

The word kilo comes from the Greek “chilioi” which is used to express many or plural. That is the origin of the meaning of K in price.

The use of K for the abbreviation thousand dates back at least to the mid-1940s. Records showing K as a thousand are in McGraw-Hill’s 1945 textbook Basic Electrical Engineering textbook glossary.

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Two years later, electronics company Radio Corporation of America (RCA) included K in its glossary, Common Words in Radio, Television, & Electronics.

That is a number of explanations about the meaning of K in the price as well as answering the question of how much 1K Rupiah.

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