A house costs $C$ rupees. Later it was sold for a profit of $25 %$ . What is the capital gains tax if it is $50 %$ of the profit?

\frac{C}{24}

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\frac{C}{8}

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\frac{C}{4}

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\frac{C}{2}

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Solution

The correct option is B $\frac{C}{8}$
C.P $=$ Rs. $C$
Profit $= \frac{25}{100} \times C = \frac{C}{4}$
S.P $= C + \frac{C}{4} = \frac{5 C}{4}$
If $\frac{C}{4} = 50$ $%$ Profit, then
Capital Gains Tax $= \frac{C}{4} \times \frac{50}{100} = \frac{C}{8}$

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