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 following data table and answer the question.
Year | Ratio: Import/Export |
2011 | 1 |
2012 | 1.1 |
2013 | 1.5 |
2014 | 0.9 |
2015 | 1.1 |
If the imports in 2012 were Rs.1000 crore and the total exports in the years 2012 and 2013 together were Rs. 4800 crore, then the imports in 2013 were (in Rs. crore)?
Option 1: 3891
Option 2: 5836
Option 3: 909
Option 4: 2594
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