You have started a beauty parlour …
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You have started a beauty parlour business. Total amount invested is rupees 500000 equity is rupees 300000 and that is rupees 200000 at the interest of 4% per annum sales revenue per month is 35000 cost of goods per month is rupees 10000 fixed expenses is 15000 per month 7000 for salary and 8000 for rent depreciation is 1000 and tax is at the rate of 8% calculate the return on equity.
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