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sir in part b of the question i amend current earnings of 27m by adding int saved on redemption of nominal value of 6.4m and deducting tax on int saved of (6.4mx30%) i.e 1.92m .
It gives me new earnings of 27m+6.4m-1.92m=31.48m which is different from what they have calculated.Why ??What you have done would get full marks.
The difference is due to rounding on the statement given in the question.
The current profit before tax is 39, and so the current tax should be 39 x 0.3 = 11.7, but it has been rounded to 12.
actually i followed ur revision kit live lecture doing this calculation .Anyway ,again very kind of you sir.God bless you.
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