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A company earned a total revenue of N108 million with a total cost of N91 million in ...



A company earned a total revenue of N108 million with a total cost of N91 million in 1991. If it paid 45% tax on its gross profit for that year, determine its net profit.
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  • A N24.65 million
  • B N17.00million
  • C N9. 35 million
  • D N7.65million
Correct Answer: Option C
Explanation:

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