Calculate Net Domestic Profit from the following data.
Understand the Problem
The question is asking to calculate net domestic profit from the provided data, which includes various financial figures related to income and expenditures.
Answer
The Net Domestic Profit is \( 7642 \).
Answer for screen readers
The Net Domestic Profit is ( 7642 ) (in Rs In Crore).
Steps to Solve
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Identify the relevant data The data needed to calculate Net Domestic Profit includes:
- Profit: $750$
- Compensation of employees: $1000$
- Indirect taxes: $550$
- Subsidies: $2000$
- Operating surplus: $2000$
- Wages: $7142$
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Calculate total income To find the total income, we sum all income values: $$ \text{Total Income} = \text{Profit} + \text{Compensation of Employees} + \text{Indirect Taxes} + \text{Operating Surplus} + \text{Wages} $$
Substitute the values: $$ \text{Total Income} = 750 + 1000 + 550 + 2000 + 7142 = 10742 $$
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Calculate total expenses We include all expenditures such as subsidies and rent: $$ \text{Total Expenses} = \text{Subsidies} + \text{Rent} $$
Substitute the values: $$ \text{Total Expenses} = 2000 + 1100 = 3100 $$
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Calculate Net Domestic Profit Finally, we use the formula for Net Domestic Profit: $$ \text{Net Domestic Profit} = \text{Total Income} - \text{Total Expenses} $$
Substitute the values: $$ \text{Net Domestic Profit} = 10742 - 3100 = 7642 $$
The Net Domestic Profit is ( 7642 ) (in Rs In Crore).
More Information
Net Domestic Profit reflects the financial performance of an economy after considering various income and expenditure components. It is an important indicator of economic health.
Tips
- Misreporting values: Ensure that all values from the data are correctly copied for calculations.
- Missing components: Double-check that all relevant income and expenditure categories are included in calculations to avoid errors.
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