Discuss Forum
1. Rana makes a 40% profit by selling his home, but loses 12% of the profit to taxes. what is the net percentage of profit Rana makes on the sale?
- A. 2.8%
- B. 2.8%
- C. 2.8%
- D. 2.8%
Answer: Option D
Explanation:
Net operating profit = Operating income × ( 1 - Tax rate) = 40× ( 1 - 12/100) % = 35.2 %
Post your comments here: