20% tax has to pay at income of men in a country. If income is increased by 25% then tax rate increase up to 140%. What percentage of increase in the amount of total tax ?
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Answered by
1
Answer:
75%
Step-by-step explanation:
let income be 100
given tax 20%
tax amounts to 20
now new income is 25% more
new income 125
new tax rate increase upto 140%
new tax rate 20*1.4= 28%
tax amounts to 35
net change in tax ((35-20)/20)*100
Answered by
0
Answer:
net change in tax ((35-20)/20)*100
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