Question

after estate duty is paid at 10% an estate worth rs 94500 what was the gross value of the estate?​

Answer 1

Hey Dear,

◆ Answer -

Gross value of estate = ₹ 945000

● Explaination -

# Given -

Rate of estate duty = 10 % = 10 / 100 = 0.1

Estate duty paid = ₹ 94500

# Solution -

Total estate duty paid over dutiable estate is given as -

Estate duty paid = gross value of estate × rate of estate duty

Gross value of estate = estate duty paid / rate of estate duty

Gross value of estate = 94500 / 0.1

Gross value of estate = 945000 ₹

Therefore, Gross value of estate is ₹ 945000.

Thanks dear.