Answered

Discover a wealth of information and get your questions answered on IDNLearn.com. Discover prompt and accurate responses from our experts, ensuring you get the information you need quickly.

A bank makes a profit of 20 million euro. The bank pays 500 thousand euro in tax. What percentage of the profit is paid in tax?

Sagot :

Samuelonum1idn

Answer:

2.5%

Step-by-step explanation:

Given data

Profit = Euro 20,000,000

Tax paid= Euro 500,000

The percentage tax paid is

% Tax= Tax paid/Profit*100

% Tax= 500,000/20,000,000*100

% Tax=0.025*100

% Tax=2.5

Hence the percentage tax paid is 2.5%

Thank you for joining our conversation. Don't hesitate to return anytime to find answers to your questions. Let's continue sharing knowledge and experiences! IDNLearn.com is committed to your satisfaction. Thank you for visiting, and see you next time for more helpful answers.