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Total assets turnover = Turnover / Average Total Assets 14,00,000 / 800,000 =1.75 Turnover can be figured out as we have net profits margins given in question which is nothing but Net profit/ Turnover * 100 So first we need to find net profit: Net profit = 8,00,000 (total assets) * 14% (Return on investment) = 1,12,000 Turnover = 1,12,000 (Net profit) / 8%(Net profit margin) =14,00,000
A spent 25% of his monthly income on study and 55% of the remaining on rent. If amount spent on rent is Rs. 825, then find the amount spent on study