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Hello Sir
In the solutions, predicted post tax profits were calculated as 454*10/4 =1135
Can you explain me the logic behind this approach? However i got the answer by trial and error method. (40%*x=454)
What you have written is the same as what the answer has written.
40% x X = 454
So 40/100 X = 454
So X = 454 x 100/40 = 454 x 10/4
I solved it differently using trial and error method ie. substituting x for 1135 to get 454. Is this method ok?
Provided you ended up with the correct figure then it doesn’t matter how you do the workings 🙂
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