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    Question

    If the income tax is increased by 14% then net income is reduce by 6%. Find the rate of income tax?

    A 25% Correct Answer Incorrect Answer
    B 20% Correct Answer Incorrect Answer
    C 30% Correct Answer Incorrect Answer
    D 40% Correct Answer Incorrect Answer
    E 35% Correct Answer Incorrect Answer

    Solution

    Income tax × 14/100 = Net income × 6/100 Income tax / net income = 6/14 Total income = 6 +14 = 20 Rate of income tax = 6/20 × 100 = 30%

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