Hello Tutor.Please help.
If and the sales are 20000,tax rate is 28% and Net profit is 2%,What is your profit before tax?
Ask the Tutor ACCA FA
Margins
9y ago#1The net profit is 2% x 20,000 = 400.
This is after tax of 28%, and so 400 is 72% (100 - 28) of the profit before tax.
So the profit before tax = 400 / 72% = 555.56
Ohk.Still studying it again,i'll come later with the feedback.
9y ago#3You are welcome :-)
Topic lockedNew replies are closed.