If the tax rate is t,it is possible to calculate planned profit before tax by:

Name: If the tax rate is t,it is possible to calculate planned profit before tax by:
Brand: Quizplus
Rating: 4.7 (61 reviews)

Question

Quizplus · Accepted Answer

Planned profit before tax can be calculated by dividing net profit after tax by (1 - t), because net profit after tax is the result of subtracting the tax (which is a percentage t of the profit before tax) from the profit before tax. This formula essentially reverses that process to find the original profit before tax.

If the Tax Rate Is T,it Is Possible to Calculate