In the context of the Indian numbering system, one lakh is equal to one hundred thousand. Therefore, to find out how many lakhs make a million (which is one thousand thousand), we can use simple division.
1 million is equal to 10 lakhs because:
- 1 lakh = 100,000
- 1 million = 1,000,000
So, when you divide 1 million (1,000,000) by 1 lakh (100,000), you get:
1,000,000 / 100,000 = 10
Hence, 10 lakhs make a million.