Financial and Management Accounting

1: Consider the following information 1. Gross sales Rs. 20,00,000 2. Sales tax 7% on gross sales 3. Income tax 40% 4. Profit before tax 400,000 What is net profit before tax ratio?
A.

21.5%

B.

22.5%

C.

23.5%

D.

24.5%

 

Answer : A

Explanation :

namrata deshpande said: (2:26am on Tuesday 24th October 2017)
400000/(2000000-(2000000*7/100))*100

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Option: A

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