SUBEX Company Numerical Ability Alligation or Mixture

The gross salary of employee was increase by 28% but his SAlary in now subject to income tax at the rate of 37.5% .Instead of 35% charged earlier .
How much is that net % increase in his salary ??

Read Solution (Total 1)

assume his salary 1000
then he pay 350 /- tax then he have 650
now his salary 1280
then hey pay 480 tax then he have 800
the difference is 800-650=150
net increase % = (150/650)*100 % = 23.07%
10 years agoHelpfull: Yes(10) No(0)

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