CUET Preparation Today
If the income tax is increased by 20%. Then the net income is decreased by 5%. Find the rate of income tax. |
25% 19% 20% 15% |
20% |
Here, Net Income × 5% = Tax × 20% Net Income × 1 = Tax × 4 Net income = 4R, Tax = 1R So, Gross Income = net income + tax = 4 + 1 = 5 Income tax rate = \(\frac{1}{5}\) × 100 = 20% |
