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Mr X salary increased by 20 On the increase the tax...

This question belongs to Arithmetic Ability Percentage
Percentage
?

Mr. X salary increased by 20%. On the increase, the tax rate is 10% higher. The percentage increase in tax liability is:

Answer & Solution
Correct Answer: Option B
Let his original salary be Rs. 100
Salary after increment = Rs. 120
Let the tax on original salary be 20% and now tax on increased salary (Rs. 20) will be 22% i.e. Rs. 4.40
Thus, increase in tax liability $$ = \frac{{4.40}}{{20}} \times 100 = 22\% $$
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3 Comments
Samuel
Samuel 11 years ago
Could you please elaborate it more clearly
Kumar Chandan
Kumar Chandan 11 years ago
20% has taken as optionally.
Meena
Meena 11 years ago
how can we tax on original salary be 20%?
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