Question

Company decides to retain 80% of the profit earned by it during a year. What is the earning if profit is 80%?

Answer 1

Step-by-step explanation:

g70g70h7hihihu0hu0huhucgipctuc9ut

Answer 2

64% of Total Profit

Step-by-step explanation:

Given:

Retained earning = 80% of the profit

Profit during the year = 80%

Retained earning =?

Computation of Retained earning:

Retained earning = 80% of the profit

Given, profit = 80%

Retained earning = 80% × 80%

Retained earning = 64% of the profit

Therefore, retained earning for the particular Year is 64% of net income.

Learn more:

https://brainly.in/question/8276333