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A company earned a total revenue of N108 millio... - JAMB Commerce 1994 Question

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.
A
N24.65 million
B
N17.00million
C
N9. 35 million
D
N7.65million
correct option: c
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