Practicing Success
If the income tax is increased by 19% then the net income is decreased by 6%. Find the rate of income tax. |
24% 25% 20% 15% |
24% |
Income = Net income + tax ATQ, Income tax × \(\frac{19}{100}\) = Net income × \(\frac{6}{100}\) Income = 25 Rate of income tax = \(\frac{6}{25}\) × 100 = 24 % |