If, in the future, ICL merges with L & T, what profit before tax does this union generate if Rs 100 worth of cement is being bought in the year?

0.46275

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0.76275

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0.9178

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0.36275

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Solution

The correct option is C 0.9178
If sales is worth Rs 100, Rs 6 will go to L&T of which the profits will be worth 8.67%. Similarly for ICL. Hence, the calculation 8.67% of 6 + 9.94% of 4 will yield the answer.

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