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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)

best_answer

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

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

Posted by

rishi.raj

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