Elitmus
Exam
Numerical Ability
Percentage
a person who pays income ta at a rate of 4 paise per rupee finds that a fall of interest rate from 4% to 3.75% diminishes his net yearly income by rs 48.what is his capital?
Read Solution (Total 1)
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- Capital after paying Income tax = 4% − 3.75%
0.25% = 48
100% = 48 / 0.25 × 100=19200
Capital without paying Income tax
19200=Capital×96%
Net Capital=20000 (Ans.) - 5 years agoHelpfull: Yes(3) No(0)
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