If the rate of tax is 10% on, salary, then what is the monthly salary of a person who pays Rs. 4500 tax per month?
Answer: Rs. 15000
Explanation
If the rate of tax is 10% on, salary, then the monthly salary of a person who pays Rs. 4500 tax per month is Rs. 15000
Let us assume that the income of the man is Rs. y.
We are given that he pays 10% of his income as income tax, i.e.
His income tax = Rs. 10/100 × y.
We are given that he pays Rs. 1500 as income tax.
1500 = 10/100 × y
y = 1500 x 10 = 15000.
ND29-5-2023
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