Question

7. A man's income is increased by + 1200 and at the
same time, the rate of tax to be paid is reduced
from 12% to 10%. He now pays the same amount
of tax as before. The man's increased income is
(a) * 7000
(b) * 6500
(c) 7200
(d) 7 8000​

Answer 1

Answer:

7200

Step-by-step explanation:

let the man income is x

1200 is increased so  income is x+1200

tax has to be paid before is 12% = x *12 / 100

tax has to be paid now is 10 % = (x + 1200 ) 10 / 100

given both are equal so

x*12 =  (x + 1200) 10

so x = 6000

so total income is 6000 + 1200 = 7200