From the following details, calculate net profit before tax: Net Profit after tax is ₹50,000 15% Long-term debt ₹12,00,000 Tax rate 20% |
₹1,80,000 ₹1,50,000 ₹62,500 ₹72,500 |
₹62,500 |
The correct answer is option 3- ₹62,500. Net Profit after tax is ₹50,000 15% Long-term debt ₹12,00,000 Tax rate 20% Profit before tax = 50,000 x 100/80 |