Question : The table given below represents the cost, revenue, and tax rate for XYZ Limited for a period of 8 years. Cost and Revenue are given in INR '000 crore.
Year | Revenue | Cost | Tax rate |
Y1 | 800 | 600 | 20% |
Y2 | 1100 | 850 | 22% |
Y3 | 1200 | 900 | 22% |
Y4 | 1200 | 950 | 25% |
Y5 | 1350 | 1050 | 30% |
Y6 | 1500 | 1200 | 30% |
Y7 | 1600 | 1240 | 33% |
Y8 | 1850 | 1400 | 15% |
Profit for any year = Revenue – Cost
Profit after tax for any year = profit of that year – tax of that year
Tax on any year = tax rate of that year $×$ profit of the year
Which of the following is correct about profit after tax for years Y2, Y6, and Y8?
Option 1: Y8 > Y6 = Y2
Option 2: Y6 > Y2 > Y8
Option 3: Y8 > Y6 > Y2
Option 4: Y6 = Y8 > Y2
Correct Answer: Y8 > Y6 > Y2
Solution :
Here all amounts are in 1000 crore.
For Y2, the profit (before taxes) is 1100 – 850 = 250
After taxes, profit is calculated as:
profit $×$ (1 – $\frac{\text{tax %}}{100}$)
= 250 $×$ (1 – $\frac{22}{100}$) = 250 $×$ 0.78 = 195
For the Y2, the profit after taxes is 195.
For Y6, the profit (before taxes) is 1500 – 1200 = 300
For Y6, profit after taxes = 300 $×$ (1 – $\frac{30}{100}$) = 300 $×$ 0.7 = 210
For Y8, the profit (before taxes) is equal to 1850 – 1400 = 450
For Y8, the profit after taxes = 450 $×$ (1 –$\frac{13}{100}$) = 450 $×$ 0.87 = 391.5
So, the profit for Y8 > Y6 > Y2
Hence, the correct answer is Y8 > Y6 > Y2.
Related Questions
Question : The table given below represents the cost, revenue, and tax rate for XYZ Limited for a period of 8 years. Cost and revenue are given in INR '000 crore.
Year | Revenue | Cost | Tax rate |
Y1 | 800 | 600 | 20% |
Y2 | 1100 | 850 | 22% |
Y3 | 1200 | 900 | 22% |
Y4 | 1200 | 950 | 25% |
Y5 | 1350 | 1050 | 30% |
Y6 | 1500 | 1200 | 30% |
Y7 | 1600 | 1240 | 33% |
Y8 | 1850 | 1400 | 15% |
Profit for any year = Revenue – Cost
Profit after tax for any year = profit of that year – tax of that year
Tax on any year = tax rate of that year $\times$ profit of the year
How many distinct values of yearly profit are there?
Option 1: 3
Option 2: 4
Option 3: 5
Option 4: 6
Question : The table given below represents the cost, revenue, and tax rate for XYZ Limited for a period of 8 years. Cost and revenue are given in crores.
Year | Revenue | Cost | Tax rate |
Y1 | 800 | 600 | 20% |
Y2 | 1100 | 850 | 22% |
Y3 | 1200 | 900 | 22% |
Y4 | 1200 | 950 | 25% |
Y5 | 1350 | 1050 | 30% |
Y6 | 1500 | 1200 | 30% |
Y7 | 1600 | 1240 | 33% |
Y8 | 1850 | 1400 | 15% |
Profit for any year = Revenue – Cost
Profit after tax for any year = profit of that year – tax of that year
Tax on any year = tax rate of that year $×$ profit of the year
What is the total sum (INR crore) of profit after tax from Y1 to Y8?
Option 1: 1763.6
Option 2: 1803.2
Option 3: 1829.2
Option 4: 1872.4
Question : The table given below represents the cost, revenue, and tax rate for XYZ Limited for a period of 8 years. Cost and revenue are given in INR '000 crore.
Year | Revenue | Cost | Tax rate |
Y1 | 800 | 600 | 20% |
Y2 | 1100 | 850 | 22% |
Y3 | 1200 | 900 | 22% |
Y4 | 1200 | 950 | 25% |
Y5 | 1350 | 1050 | 30% |
Y6 | 1500 | 1200 | 30% |
Y7 | 1600 | 1240 | 33% |
Y8 | 1850 | 1400 | 15% |
Profit for any year = Revenue – Cost
Profit after tax for any year = profit of that year – tax of that year
Tax on any year = tax rate of that year $×$ profit of the year
How much tax (in INR '000 crore) was paid by XYZ Limited in Y7?
Option 1: 90
Option 2: 99
Option 3: 118.8
Option 4: 126
Question : Refer to the following data table and answer the question.
Year | Company's % Profit |
2011 | 15 |
2012 | 5 |
2013 | 10 |
2014 | 25 |
2015 | 15 |
What was the revenue of the company if its expenditure was Rs. 525 crore in the year when its % profit was the least?(In Rs.crore)
Option 1: 577.5
Option 2: 603.75
Option 3: 525
Option 4: 551.25
Question : The table given below shows the number of salesmen in five companies.
Companies | Salesman |
J | 45 |
K | 20 |
L | 40 |
M | 15 |
N | 25 |
The number of salesmen in J is what percentage of the number of salesmen in K?
Option 1: 250%
Option 2: 150%
Option 3: 125%
Option 4: 225%
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