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Question No.-122 | Arithmetic Aptitude

#01 Question:

The salary of a person is increased by Rs. 4800 and the rate of tax is decreased by 2% from 12% to 10%. The effect is such that he is now paying the same tax as before. If in both the cases, the standard tax deduction is fixed at 20% of the total income, find the increased salary?

Options are:

Option(a)- Rs. 32, 800

Option(b)- Rs. 36, 800

Option(c)- Rs. 2800

Option(d)- None of these

_______________________________________________________________________________________________________________

Solution:

Let Increased Salary be X.

So,

Initial Tax = After Tax

X * 10/100 = ( X - 4800) * 12/100

0.1X = (X - 4800) * 0.12

0.1X = 0.12X - 576

0.1X - 0.12X = -576

-0.02X = -576

X = 28800.

Increased Salary = Rs.28800.

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