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3 years ago

Find out net profit after tax from the following information:

Mathematics

1 answer:

WARRIOR [948]3 years ago

3 0

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

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