Particulars | 31st March, 2018 (Rs.) | 31st March, 2017 (Rs.) |
Revenue from Operations | 7,50,000 | 5,62,500 |
Other Income | 75,000 | 56,250 |
Purchase of Stock-in-trade | 5,62,500 | 4,50,000 |
Change in Inventories of Stock-in-trade | (37,500) | 7,500 |
Other Expenses | 7,500 | 5,625 |
Rate of Income Tax | 40% | 40% |
Answer:
Profit after tax on 31st March, 2017 = Rs. 93,375 and on 31st March, 2018 = Rs. 1,75,500. Percentage of net sales on 31st March, 2017= 16.6% and on 31st March. 2018 = 23.4%
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