d Word Problem 2 (tax and income tax) | Job Exam Rare Mathematics (JEMrare) - Solved MCQs

Word Problem 2 (tax and income tax)

Problem 2 : If income tax be reduced from 3-1/2 % to 3-1/3%, the difference it makes to man whose annual income is Rs 2500 is;

a. Rs 4.50                b. Rs 4-2/3             c. Rs 4.67            b. Rs 5

Income tax calculation, quantitative mathematics


We suppose his income is  ;

Income = Rs 100;

instead !

Now we try to find difference by given information.

First Tax=3\frac{1}2{}

New Tax=3\frac{1}{3}

Difference in o;ld and new taxes;

Diffeence = 3\frac{1}{2}-3\frac{1}{3}= \frac{1}{6}

So, we can say that if income is 100 Rs then difference of tax is Rs 1/6

Now we use unitory method to calculate difference of tax !


Rs 100 = Rs \frac{1}{6} tax

 \Rightarrow Rs 1= Rs \frac{1}{600} tax

 \Rightarrow Rs 2500= Rs \frac{1}{600} \times 2500tax

 \Rightarrow Rs 2500= Rs 46.7 tax


So, tax is 4.67 Rs



Digiprove sealCopyright secured by Digiprove © 2020

You may submit a MCQ or maths problem with solution tips here in the comment box below! If you could not solve anyone, you may submit a MCQ or maths problem without solution as well. We will try our level best to solve it for you!

Your email address will not be published.

You may use these <abbr title="HyperText Markup Language">HTML</abbr> tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>