An increase in salary of 5 % to his present salary will give a man an additional income of 60000 per year. What is his present annual income?

50000

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48000

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1200000

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120000

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Solution

The correct option is C 1200000
Let his present annual income be X
Increase of 5% X will give an additional income of 60000
0.05X = 60000
X = Rs. 1200000

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