Aruna has a newly established business of beauty products. She spends ₹12,00,000 to start her business out of which she borrowed a loan for ₹8,00,000. Tax rate is 30%. Net profit before tax is ₹2,00,000. Calculate ROE (Return on Equity).
Answer & explanation
Correct answer: option 3
The correct answer is option (3) - 35%