Home
Class 14
MATHS
On the April 2018, my salary increased f...

On the April 2018, my salary increased from `1,00,000` to x and the rate of income tax decreased by `37.5%` so the amount of income tax paid by me remains constant and the diff.in the rate of income tax is `9%`. Find the value of x ?

A

`1,65,000`

B

`1,55,000`

C

`1,60,000`

D

`1,22,000`

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we need to analyze the information given and apply the concepts of percentage and income tax. ### Step 1: Understand the initial conditions - Initial salary = ₹1,00,000 - Initial income tax rate = 9% - Therefore, initial income tax paid = 9% of ₹1,00,000 **Calculation:** \[ \text{Initial Income Tax} = \frac{9}{100} \times 1,00,000 = ₹9,000 \] **Hint:** Calculate the initial income tax by applying the percentage to the initial salary. ### Step 2: Determine the new rate of income tax - The rate of income tax decreased by 37.5%. - New rate of income tax = Initial rate - Decrease in rate **Calculation:** \[ \text{Decrease in rate} = 37.5\% \text{ of } 9\% = \frac{37.5}{100} \times 9 = 3.375\% \] \[ \text{New rate} = 9\% - 3.375\% = 5.625\% \] **Hint:** Calculate the decrease in the income tax rate by applying the percentage to the initial rate. ### Step 3: Relate the new salary to the constant income tax paid - The amount of income tax paid remains constant at ₹9,000. - Let the new salary be x. The new income tax paid can be expressed as: \[ \text{New Income Tax} = \text{New Rate} \times \text{New Salary} = 5.625\% \text{ of } x \] \[ \frac{5.625}{100} \times x = 9,000 \] **Hint:** Set up the equation for the new income tax using the new rate and the new salary. ### Step 4: Solve for x - Rearranging the equation gives: \[ x = \frac{9,000 \times 100}{5.625} \] **Calculation:** \[ x = \frac{9,00,000}{5.625} = 1,60,000 \] **Hint:** Perform the division carefully to find the new salary. ### Conclusion The value of x (the new salary) is ₹1,60,000. **Final Answer:** ₹1,60,000
Promotional Banner

Topper's Solved these Questions

  • PARTNERSHIP

    MOTHERS|Exercise MULTIPLE CHOICE QUESTION |51 Videos
  • PROFIT & LOSS

    MOTHERS|Exercise MULTIPLE CHOICE QUESTIONS|300 Videos

Similar Questions

Explore conceptually related problems

On the Aprill 1,2005 my salary increased from Rs.10,000 to Rs.16,000 .Simultaneously the rate of income tax decreasedby 37.5% So the amount of income tax paid by me remains constant of income tax paid by me remains constant what is the value of income tax paid by me:

Rate of income tax is increased by 19% . Net Income is decreased by 1% . Find the rate of income tax

In the previous question, if the difference in the rate of income tax be 9 (in percent) then the income tax paid by me :

Income of a person decreased by 3000 Rs. and rate of Income tax increased from 15% t o 18% . The ratio of paid tax is 3 : 2. 26.5% income is tax free. Find initial income.

Calculate the amount paid by a customer for an article, if its list price is Rs. 1250 and the rate of sales tax is 5%.s

MOTHERS-PERCENTAGE-MULTIPLE CHOICE QUESTIONS
  1. When income of a man increased by Rs.6 lakhs then tax rate reduced fro...

    Text Solution

    |

  2. A man's annual income has increased by Rs.4 lakh but the tax on income...

    Text Solution

    |

  3. On the April 2018, my salary increased from 1,00,000 to x and the rate...

    Text Solution

    |

  4. Income tax increased by 17% so net income decreased by 8%. The rate of...

    Text Solution

    |

  5. A man pay 4 paise tax on one rupee if he finds that the rate of intere...

    Text Solution

    |

  6. In an examination a student got 32% marks and failed by 4 marks . Whil...

    Text Solution

    |

  7. A student got 28% of the total marks and failed by 14 marks. Another s...

    Text Solution

    |

  8. In a speed test a student got 30% marks and failed by 25 marks . In th...

    Text Solution

    |

  9. 40 % marks are required to pass an examination . A got 10% less mar...

    Text Solution

    |

  10. There are two condidates in an election A candidate got 68% of total v...

    Text Solution

    |

  11. There are two candidates in an election. A candidate secured 40% of to...

    Text Solution

    |

  12. There are two candidates in an election. 8% of the total votes did not...

    Text Solution

    |

  13. There are two candidates in an election 10% of the total voters did no...

    Text Solution

    |

  14. There are two candidates in an election 10% of the voters did not cast...

    Text Solution

    |

  15. In a village 70% registered voters cast their votes in the election. O...

    Text Solution

    |

  16. In a village assembly, 1000 people cast their vote out of which 10% we...

    Text Solution

    |

  17. In an election two candidate have participated. 10% of total voters di...

    Text Solution

    |

  18. In an election between two candidates. 10% of the voters did not cast ...

    Text Solution

    |

  19. In an election two candidate participated, 10% voters did not vot, 250...

    Text Solution

    |

  20. In an election there are three candiates. The winning candidate got 55...

    Text Solution

    |