Directions : These question is based on the line graph given below which represents the Earnings Per Share (EPS) of three companies STC, TSC and MIE for the years 1991-1992 to 1995-1996.

If STC has to pay 10% of the profit available for share-holders as tax in the year 1993-1994, then the tax payable for 12,000 shares is

  • Option 1)

    Rs. 62, 200

  • Option 2)

    Rs. 55, 200            

  • Option 3)

    Rs. 60, 000        

  • Option 4)

    Rs. 57, 200

  • Option 5)

     Rs. 50, 000

Answers (1)

Profit for STC for year 1993- 1994 = 12000 x 46 = 552000

So TAX to be paid = 10 % of 552000 = 55200

Boost your Preparation for JEE Main 2021 with Personlized Coaching
 
Exams
Articles
Questions