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
Correct Answer: 118.8
Solution :
For Y7, the profit (before taxes) = 16,00,000 crore – 12,40,000 crore = 3,60,000 crore
The amount of tax paid for Y7 is calculated as:
profit × $\frac{\text{tax %}}{100}$
= $360000 × \frac{33}{100} = 360000 × 0.33$
= INR 118800 crore
Hence, the correct answer is 118.8.
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 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
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 : 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 : Refer to the data table and answer the following question.
| Years | GDP growth rate for the year (in %) |
| 2011 | 8 |
| 2012 | 3 |
| 2013 | 3 |
| 2014 | 8 |
| 2015 | –7 |
If the GDP of the country was INR 5 trillion at the end of 2013, what was it at the beginning of 2015?
Option 1: INR 4.65 trillion
Option 2: INR 5.4 trillion
Option 3: INR 5.15 trillion
Option 4: INR 5.05 trillion
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