Instructions
The table given below represents the cost, revenue and tax rate for XYZ Limited for a period of 8 years. Cost and revenue are given in Rs '000 crores.
Profit for any year = revenue — cost
Profit after tax for any year = profit of that year - tax of that year
tax on any year = tax rate of that year x profit of that year
Question 97
How much tax (in Rs '000 crores) was paid by XYZ limited in Y7?
Solution
Tax rate in year 7 = 33%
Profit in year 7 (in Rs '000 crores) = 1600 - 1240 = 360
=> Tax (in Rs '000 crores) paid by XYZ limited in Y7 = $$\frac{33}{100}\times360$$
= $$118.8$$
=> Ans - (C)
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