Past Exam question Sep&Dec 2016, Q2 Framiltone

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November 1, 2018 at 6:05 pm #483529
tarbu
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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
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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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