Percentage Practice Test 7 with solutions

Question : 23 of 40

Marks: +1, -0

If the rate of income tax is 5%, the net income of a person is Rs. 17100. If the rate of income tax is 6%, how much will be the net income?

Solution:

Gross income

=100/95 ×17100

= Rs. 18000
New net income

=94/100 ×18000

= Rs. 16920

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