Question

Rate if income tax is increased by 23% and net income is decreased by 2% find the rate of income tax

Answer 1

here is shortcut

tax * 23/100 = NI * 2/100

tax : NI = 2 : 23

so income =23+2=25

tax/income *100 = rate

rate = 2/25*100

rate=8%

hope you understand

Answer 2

Answer:

Step-by-step explanation:

100(+23%)-123

100(-2%)-98. 123-98=25

100-98=2

2÷25*100=8 ans