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WBCS Main Examination 2023 — Paper VI: Arithmetic and Test of Reasoning · Question 47 of 200

Q47
ArithmeticPercentage, Profit & Loss
Rate of income tax is increased from 4% to 5%. However, the total tax liability of a person remains the same as was in the last year. If his income for the last year was ₹ 1,00,000, find his present income.
  1. a.₹ 1,25,000
  2. b.₹ 90,000
  3. c.₹ 80,000
  4. d.₹ 75,000

Answer: (C) ₹ 80,000

Last year's tax was 4% of ₹ 1,00,000 = ₹ 4,000. For the same tax at 5%, income = 4000 ÷ 0·05 = ₹ 80,000. ₹ 1,25,000 reverses the ratio and would raise the tax.

Q46 Whole paperQ48
Rate of income tax is increased from 4% to 5%. However, the total t… — WBCS Main Examination 2023 Q47 | Prostuti360°