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Income tax is raised from 4 paise to 5 paise in a rupee but the revenue is increased by 10% only. Find the decrease percent in the amount taxed.

 

(a)

12

(b)

14

(c)

16

(d)

None of these



Question ID - 57319 | SaraNextGen Top Answer

Income tax is raised from 4 paise to 5 paise in a rupee but the revenue is increased by 10% only. Find the decrease percent in the amount taxed.

 

(a)

12

(b)

14

(c)

16

(d)

None of these

1 Answer
127 votes
Answer Key / Explanation : (a) -

Let the original tax amount be Rs.  and new taxed amount be Rs.

Let the original revenue be Rs. 100.

Then, 4% of  or  Rs. 2500.

New revenue = 110% of Rs. 100 = Rs. 110.

Then, 5% of  or  Rs. 2200.  

Decrease taxed amount = Rs.Rs. 300.

Decrease % =  

127 votes


127