New 👉 Ask your RBI Grade B 2025 Preparation Queries Here!!

    Register

    Question

    TRP Ltd. recorded operating profit of Rs.100,000, tax

    of Rs.17000, interest of Rs.34,000 and dividends of Rs.5000. What is the company’s net profit after tax?
    A Rs.66,000 Correct Answer Incorrect Answer
    B Rs.61,000 Correct Answer Incorrect Answer
    C Rs.44,000 Correct Answer Incorrect Answer
    D Rs.83,000 Correct Answer Incorrect Answer
    E Rs.49,000 Correct Answer Incorrect Answer

    Solution

    Net profit after tax = Operating profits – Interest – tax                              = 100,000 – 34,000 – 17,000                              = Rs.49,000 Note – dividend is paid after the calculation of net profit. It is an appropriation of profits.

    Practice Next