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For the fiscal year ending May 31, 2024, the following details are provided for Pearl Ltd.: Item Amount () Sales 600,000 Cost of Goods Sold
For the fiscal year ending May 31, 2024, the following details are provided for Pearl Ltd.:
Item | Amount (₹) |
Sales | 600,000 |
Cost of Goods Sold | 360,000 |
Administrative Expenses | 45,000 |
Selling Expenses | 35,000 |
Interest Expense | 18,000 |
Income Tax | 20,000 |
Requirements:
- Calculate the gross profit.
- Determine the operating profit.
- Compute the net profit before tax.
- Calculate the net profit after tax.
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