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Question
Which of these companies had the maximum profit before tax in the year 2000-01?
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Solution
The correct option is B GACL
The profit will be obtained by: percentage profit x sales.
Since sales have been given as a percentage (in terms of market share) and since we do not need to find out the individual values we need to make no adjustments and can directly multiply the profit before tax (given as a percentage of the sale value) by the market share, the highest multiplication for the options given will give the answer.
GACL is clearly the highest profit value.
The profit will be obtained by: percentage profit x sales.
Since sales have been given as a percentage (in terms of market share) and since we do not need to find out the individual values we need to make no adjustments and can directly multiply the profit before tax (given as a percentage of the sale value) by the market share, the highest multiplication for the options given will give the answer.
GACL is clearly the highest profit value.
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