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

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A company earned a total revenue of N108 million with a total cost of N91 million in 1991. If it paid 4596 tax on its gross profit for that year, determine its net profit.

  • A) N24.65 million
  • B) N17.00 million
  • C) N9.35 million
  • D) N7.65 million

Correct Answer: C) N9.35 million

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