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prabhat kumar

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· 1 Months ago

please explain (Question: 106977.1 )

explain in detail

Question:
Directions: Answer the following questions on the basis of the information given below. 

The pie charts show the break-up of gross income, taxes paid and expenses for five persons—A, B, C, D and E as a percent of the total of all the five persons in each case. The rate of tax on the gross income is as follows:


Up to Rs 10000 → 10%.

Above Rs 10000 → Rs 1000 + 20% of the amount exceeding Rs 10000.


Total Income =100,000





Net Income = Gross Income —Taxes 
Savings = Net Income — Expenses 
The expenses of each person was less than his net income.
The net income as a percentage of the gross income was the lowest for
Options:
A) A
B) E
C) D
D) C
E) B
Solution:
The net income as a percentage of the gross income is the lowest for E.

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