CMA Study Group

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  • 1.  P2

    Posted 10-12-2019 08:04 AM


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    Syed Yousuf Jamal

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  • 2.  RE: P2

    Posted 10-12-2019 08:36 AM
    Hi
    Return on sales @ 8% = 24000 (30000 x 8%0
    This is net of tax, so Income before tax =24000/60%= 40,000
    +FC=600,000+40,000 =640,000
    which is equal to 70% ( net of VC 30%)= 640,000/70%=914285.17

    Regards
    Yajna



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    Yajna Fernando
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    Original Message