Answer:
Net Profit after tax Rs 15,000
Step-by-step explanation:
The computation of the net profit after tax is shown below:
Gross profit Rs. 1,25,000
Less:
Selling and distribution expenses Rs. 21,000
General and administrative expenses Rs. 75,000
Interest on loan Rs. 5,000
Gain on sale of plant Rs. 4,000
Profit before tax Rs 20,000
Less: income tax expense at 25% of Rs 20,000 Rs 5000
Net Profit after tax Rs 15,000
