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Question
Sales Rs. 50000, Cost of Goods Sold Rs. 30000, operating expenses Rs. 10000
Provision for tax @10% . calculate the provision for tax________.
Sales Rs. 50000, Cost of Goods Sold Rs. 30000, operating expenses Rs. 10000
Provision for tax @10% . calculate the provision for tax________.
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Solution
The correct option is B 1000
Solution to the given problem is given below:
Sales Rs.50000Less: Cost of Goods Sold Rs.30000 -----------------Gross Profit Rs.20000Less:Operating Expenses Rs.10000 -----------------Profit before Tax Rs.10000Provision for Tax @10% Rs. 1000
Solution to the given problem is given below:
Sales Rs.50000
Less: Cost of Goods Sold Rs.30000
-----------------
Gross Profit Rs.20000
Less:Operating Expenses Rs.10000
-----------------
Profit before Tax Rs.10000
Provision for Tax @10% Rs. 1000
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