Accountancy, asked by gunjankhedikar, 5 days ago

Question No. 17
• Profit of current year before tax
Rs. 5,00,000 rate of tax is 40% find out
the profit often tax
Answer
A. 1,00,000
8. 2,00,000
c. 3,00,000
D.
4,00,000
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Answered by xxx11111

0

Answer:

300000

Explanation:

profit before tax includes tax amount.

the tax is 40% therefore

5lakhs - 40% equals 3lakh

hope it helps

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