hello, could you help. i am trying to go back up a financial statement but stuck. could someoone help please example below. 2011 2012 profit before tax 100 X Tax Rate 20% 20% Total profit 80 120 How do i get to "X"? thanks
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Originally Posted by beng986 hello, could you help. i am trying to go back up a financial statement but stuck. could someoone help please example below. 2011 2012 profit before tax 100 X Tax Rate 20% 20% Total profit 80 120 How do i get to "X"? thanks 1. If I understand your problem correctly the "total profit" is 80% of the income. If so: 2. $\displaystyle 80\% = \frac{80}{100} = 0.8$ $\displaystyle 120= 0.8 \cdot x~\implies~x=\frac{120}{0.8} = 150$
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