Question

3.5% income is taken as tax and the 12% of remaining is saved. Thid leaves 4053 to spend . What is the income?

Answer 1

Total income be 'x'

income tax. = 3.5% of income = 3.5% × x = 0.035x

savings = 12% of income = 12% × x = 0.12x

amount Left over = 4053

x - 0.035x - 0.12x = 4053

x - 0.155x = 4053

0.845x = 4053

x = 4053/0.845 = 4796 = total income