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 answer is C
No explanation has been provided for this answer.