Practicing Success
A business's total investment is ₹1,00,000, which includes ₹60,000 as capital and ₹40,000 as loan that attracts interest @ 10% per annum. If business earns net profit before interest of ₹20,000. Find out net profit after interest. |
₹10,000 ₹14,000 ₹16,000 ₹18,000 |
₹16,000 |
The correct answer is option (3) - ₹16,000 |