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Past Exam question Sep&Dec 2016, Q2 Framiltone

This topic has 1 reply, 2 voices, and was last updated 6 years ago by Ken Garrett.

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November 1, 2018 at 6:05 pm #483529
tarbu
Member
- Topics: 6
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Dear sir,
Part A, Recalculate current year budget , Sep & Dec 2016 Q2
in distribution cost, 70%x3/160
Please explain to me,
How to get 3/160
Thanks
November 1, 2018 at 8:13 pm #483534
Ken Garrett
Keymaster
- Topics: 10
- Replies: 10544
If the pretax cost of fuel is 100, the post tax cost is currently 160
If the tax rate is raised to 63%, the post tax cost will be 163.
The proportional increase is therefore 3/160.
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