Question

Revenue From Operations Rs. 8,00,000 , Gross Profit 32% , Indirect Exp. 10% of Gross Profit and income tax 40% . What will be the amount of profit after tax ?

Answer 1

Explanation:

the gross profit 32percentage

the rs = 8,00,000

income tax = 40 percentage

we can find percentage

32%+40%

= 72%

72/100 ×8,00,000

= 576000

the profit = 576000 - 800000

= 2,24,000

the profit is 2,24,000 rs

percentage

profit = 72% - 100%

= 28%

so, that is your answer

hence , verified