Read the following information and answer the questions.
| Particulars | Year 2024 Amount (₹) |
Year 2023 Amount (₹) |
| Revenue from operations | 25,00,000 | 20,00,000 |
| Other income | 1,00,000 | 5,00,000 |
| Employee benefit expenses | 60% of total revenue | 50% of total revenue |
| Other expenses | 10% of employee benefit expenses | 20% of employee benefit expenses |
| Tax rate | 50% | 40% |
What is the total revenue in the year 2023?
Answer & explanation
Correct answer: option 4
The correct answer is option 4- ₹25,00,000.
Revenue from operations in year 2023 = 20,00,000
Other income in year 2023 = 5,00,000
Total income = Revenue from operations + Other income
= 20,00,000 + 5,00,000
= 25,00,000