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Finding CGST and SGST

Defining prof...

Question

Defining profitability as the ratio of net profit to sales, IVP Ltd. recorded the highest profitability in-

A

1998-99

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B

1997-98

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C

1994-95

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D

1996-97

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Solution

The correct option is B 1997-98
1998 - 99 = 12/680 = 1.76 %
1997 - 98 = 7.5/280 = 2.68%
1994 - 95 = 2.5/100 = 2.5%
1996 - 97 = 4 / 250 = 1.6%.

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