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kishor rathore

· started a discussion

· 1 Months ago

explain (Question: 101225.0 )

please explain i did not get it

shubha

· started a discussion

· 1 Months ago

explain (Question: 101225.0 )

how is it?

Question:

If the income tax is increased by 19% the net income is reduced by 1%. The rate of income tax is:

Options:
A) 6% 
B)  4%
C) 5% 
D) 7.2%
E) 8.2%
Solution:

19% Income Tax = 1% Income

                \(\cfrac{Income \ Tax}{Income}\)  = \(\cfrac{1}{19}\)  = 5%

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