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A man's annual income has in creased by ...

A man's annual income has in creased by Rs. 5 lakhs but the tax on income that he has to pay has reduced from 12% to 10%. He now pays Rs. 10,000 more Income tax. What is his increased income (in Rs. lakhs)?

A

20

B

25

C

15

D

10

Text Solution

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The correct Answer is:
B
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