Question
Elina allocates her total salary as follows: she pays 8%
as tax, then from the remaining amount, she spends 30% on rent, 20% on education, and Rs. 4500 on food. The rest of her salary, amounting to Rs. 18500, is saved. Determine the amount she pays as tax.Solution
Let the salary of Elina be Rs. 100x Tax paid by her = 100x X 0.8 = 8x After paying tax income of Elina = 100x - 8x = Rs. 92x Total expenditure of Elina on rent, education and food: = (92x X 0.5 + 4500) = Rs, (46x + 4500) ATQ, 92x - (46x + 4500) = 18500 Or, 46x - 4500 = 18500 + 4500 Or, 46x = 23000 So, 'x' = 500 Therefore, required amount = 100 X 50 X 0.8 = Rs. 4000Â
What was held in the case of Hansia vs Bhaktawramal?
Who shall appoint employees of SAT?
Which chapter of the Transfer of Property Act, 1882 deals with Leases of Immovable Property?
According to the Information Technology Act, 2000, which entity is responsible for constituting the Cyber Regulations Advisory Committee?
The case of Hochester V. De La Tour deals with
Mere silence as to facts likely to affect the willingness of a person to enter into a contract is ______________
Indian Evidence Act does not expressly mention about:
As per the Transfer of Property Act what is a lease of immoveable property, and what are the terms used for the parties involved?
Which Islamic legal school requires the presence of two witnesses for a marriage contract to be considered valid?Â
What is the composition of the Taluk Legal Services Committee  under the Legal Services Authority Act?
Relevant for Exams:
