Allied & ICAR Exam Bank • ALLIED_1927 MCQ • 2 Marks

Section 8: General Aptitude

Quantitative Aptitude

Subtopic: Ratios & Percentages

Question Statement:

A man's salary is increased by 20% and the income tax rate is increased from 10% to 15%. If his take-home pay was Rs 54,000 initially, his new take-home pay is:

Options:

  • (A) Rs 61,200
  • (B) Rs 60,000
  • (C) Rs 62,500
  • (D) Rs 58,800

Answer Key:

A

Step-by-Step Solution & Explanation

Initial gross $= 54000 / 0.90 = 60000$. New gross $= 60000 \times 1.20 = 72000$. New tax $= 15\%$, so take-home $= 72000 \times 0.85 = 61200$ rupees.
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