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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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