28. If a business starts the year with equity of £1.5m, ends the year with £1.8m and inflation is at 10%, how much can it pay out in profit if a Current Purchasing Power (CPP) approach is taken?
A. 0.15m
B. 0.3m
C. 0.18m
D. 0.03m
Answer : A
28. If a business starts the year with equity of £1.5m, ends the year with £1.8m and inflation is at 10%, how much can it pay out in profit if a Current Purchasing Power (CPP) approach is taken?
A. 0.15m
B. 0.3m
C. 0.18m
D. 0.03m
Answer : A