Question

A man pay $5$ paisa tax on Re.$1$. If the total tax paid by him is Rs.$1550\cdot 0$, then on how much amount did he pay the tax?

• A. Rs.$31000$
• B. Rs.$30000$
• C. Rs.$15500$
• D. Rs.$15505$

Answer 1

The correct option is A Rs.$31000$

Let the money on which tax was paid, be Rs.$x$
$\therefore$ Tax$=x\times 0.05$
$\therefore$ $.05x=1550$
or $x=\frac{1550}{.05}=$ Rs.$31000$