2007-01-25 08:26:25 · 7 answers · asked by andy 3 in Business & Finance ➔ Personal Finance
sorry if i didnt make it clear Turnover is £4,000
25% of this is gross profit which would £1,000
what would be my net profit?
and its a small retail business newsagents!
2007-01-25 23:19:57 · update #1
You need to know what % income tax you pay.
I am selfemployed and pay 18% tax and £2.10 NI,
If your rates are the same it would be £817.90
2007-01-27 09:10:53 · answer #1 · answered by Angry short bloke 2 · 0⤊ 0⤋
3000 net
2007-01-25 08:35:45 · answer #2 · answered by Anonymous · 0⤊ 0⤋
you have only asked half a question
turnover less direct costs is gross - which you have given.
gross less indirect costs (overheads) is net. but you havent told us what you indirects are, so how can we work out the net.
2007-01-25 21:30:49 · answer #3 · answered by alatoruk 5 · 0⤊ 0⤋
£3,000
2007-01-25 08:36:34 · answer #4 · answered by tulip 4 · 0⤊ 0⤋
how much !!! can you get me a job ?
2007-01-25 08:44:04 · answer #5 · answered by jamie 3 · 0⤊ 0⤋
more then what i get
2007-01-25 08:34:10 · answer #6 · answered by ilovebeer 2 · 0⤊ 0⤋
$3,000 is correct...
2007-01-25 08:43:03 · answer #7 · answered by Anthony P 2 · 0⤊ 0⤋