Question

236) A company pays income tax at the rate of 40% the net income after taxi Rs. 24 The net income before tax is:

solution:​

Answer 1

Answer:

let the net income, before tax be x

tax-=x*40/100=2x/5

then the equation is

x- 2x/5= 24

( 5x-2x)/5=24

3x/5=24

3x=24*5

x=40

then net income before the tax is 40