Question

A company paid tax at 29% of net profit. the tax is 8700. Net profit is?​

Answer 1

Answer:

30000

Step-by-step explanation:

Let the net profit be x.

Therefore, 29% of x = 8700, implies x (29/100) = 8700.

Thus, x = (8700 x 100)/29 = 30000.

Hence, the net profit is 30000.

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