GENERAL ACCOUNTING PRINCIPLES (GENERAL STUDIES) Part-2

Discussion Forum: GENERAL ACCOUNTING PRINCIPLES (GENERAL STUDIES) Part-2 - Q.No: 18

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18. If sales is Rs. 10,00,000, sales returns is Rs. 50,000, Profit Before Tax is Rs. 2,00,000, Income tax is 40%, Net profit ratio is []

  1. (a) 12.63%
  2. (b) 20%
  3. (c) 10%
  4. (d) 50%

Correct Answer: (a) 12.63%

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