Income of Veeru is decreased by Rs. 1600 while the rate of income tax is increased from 12% to 15% and the ratio of paid tax before and after is 4 : 3 respectively, then find the initial income of Veeru if it is given that 20% of his income is tax free.
Answers
Answered by
0
Answer:
of Veeru is decreased by Rs. 1600 while the rate of income tax is increased from 12% to 15% and the ratio of paid tax before and after is 4 : 3 respectively, then find the initial income of Veeru if it is given that 20% of his income is tax free.
tum khud batao
Answered by
0
Answer:
Rs. 4000
Step-by-step explanation:
ratio of tax is 4:3
we know from the question that the rate of tax is 12% and 15 % respectively.
hence we can say that 4 is 12% of something and 3 is 15 % of something.
12% is 4
100% will be (4/12)*100 = 100/3
SAME AS
15% IS 3
100% = 100/5
SO RATIO OF INCOME IS
100/3: 100/5
BY SIMPLIFYING IT RATIO WILL BE
5 : 3
DIFFERENCE OF 2 INDICATES THE VALUE OF 1600
SO
2 = 1600
1 = 800
THEN ACTUAL INCOME WILL BE
5*800 : 3*800
4000 : 2400
HENCE ANS IS RS. 4000
Similar questions