You have started a beauty parlour business with rs. 150000 of which you invested rs.70000 of your own money and remaining amount was borrowed from bank at an interest rate 12% per annum. Sales revenue per month is rs.100000, cost of good sold is rs.50000 per month. Fixed expenses is rs.30000(salary rs.20000, rent rs.10000) depreciation rs.30000 and tax @10%. Calculate ROE.
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