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Question
What will be the amount of Profit after Tax of Simple Limited, if:
Revenue from Operations is ₹ 12,00,000
Cost of Revenue from Operations is 60% of Revenue from Operations
Operating Expenses ₹ 90,000
Rate of income tax is 40%
Options
₹ 1,56,000
₹ 1,92,000
₹ 2,34,000
₹ 2,88,000
MCQ
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Solution
₹ 2,34,000
Explanation:
| Particular | Amount (₹) | |
| Revenue from Operations | 12,00,000 | |
| Less: Cost of Revenue from Operations | 7,20,000 | 8,10,000 |
| Operating Expenses | 90,000 | |
| Profit before Tax | 3,90,000 | |
| Less: Income Tax @ 40% | 1,56,000 | |
| Profit after Tax | 2,34,000 | |
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Profitability Ratio - Profit Earning Ratio
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