Question
Rahul was employed by a company in 2021 with a starting
net salary of Rs. 25,000. By 2024, his gross salary had risen to Rs. 63,000. Assuming his net salary is 90% of his gross salary in 2024, calculate the percentage growth in Rahul's net salary from 2021 to 2024.Solution
Net salary in 2024 = (63,000 X 0.9) = Rs. 56,700 Percentage increase = {(56,700 - 25,000) ÷ 25,000} X 100 = 126.8%
Calculate the Current ratio based on above information?
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