Question

(C) 52,000
Revenue from Operations 8,00,000; Gross Profit Ratio 32%; Indirect Exp.
10% of Gross Profit and income tax 40%. What will be the amount of profit
after tax?
(A) 1,38,240
(B) 1,02,400
(C) 92,160
(D) 1,53,600​

Answer 1

Explanation:- sales 8 lacs
G.p:- 2,56,000
Less:- i.e:- 25600
N.p:- 2,30,400
Less:- tax:- 92160
Eat:- 1,38,240 will be the answer