Z Ltd. recorded sales of `60 lakh in 2014 as compared to `45 l | Corporate Accounting MCQ

Z Ltd. recorded sales of `60 lakh in 2014 as compared to `45 lakh in 2013. Profit for 2014 was `5 lakh higher than that in 2013. If the annual fixed costs amount to `12 lakh, the profit on projected sales of `90 lakh will be –