3.5% of income is taken as tax and 12.5% of the remaining is saved. The leaves rs. 4053 to spend. What's is the income?
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Answer:
The income is Rs 4800.
Step-by-step explanation:
The whole income ( x ) is reduced by 3.5 % tax: 100 % - 3.5 % = 96.5% = 0.965
So now we have x * 0.965.
Then 12.5 % of the remaining is saved: 100% - 12.5 % = 87.5 % = 0.875
Now it becomes:
x * 0.965 * 0.875 = 4053
x * 0.844375 = 4053
x = 4053 : 0.844375
x = 4800.
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