Question
If revenue from operations is Rs.60,00,000 Gross Profit
ratio is 60%, Operating expenses are Rs.4,00,000 and Income tax rate is 30%, what will be the operating Profit?Solution
Operating profit = Gross Profit – Operating expenses Gross Profit = Sales *Gross Profit ratio 60,00,000 *60% = 36,00,000 So, operating profit = 36,00,000 – 4,00,000 = 32,00,000
More Bills of Exchange Questions
Which airport was ranked as the busiest airport overall in 2022, according to the rankings released by Airports Council International?
- Match the following places with their corresponding historical events:
I) Mayurbhanj - 1) Merged into Odisha
II) Kolhapur - 2) Merged into Bombay Pr... What does the acronym 'PIN' in PIN Code stand for?
- When was World Mental Health Day (observed annually on October 10th) first initiated?
Where was India’s first International Agriculture Hackathon recently organized?
Which team won the Syed Mushtaq Ali Trophy 2024?
Who is the Brand Ambassador of Madhya Pradesh Tourism?
Where is the 9th Garuda Shakti 2024 exercise conducted?
Match the following:
- According to the Constitution of India, the State Legislature possesses concurrent powers as enumerated in which List of the Seventh Schedule?
Relevant for Exams:
