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. |
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(a) |
12 |
(b) |
14 |
(c) |
16 |
(d) |
None of these |
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 |
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 % =