Question

Question 54

In a year, Ravi earns Rs. 360000 and paid Rs. 24000 as income tax.
Find the ratio of his
a) income to income tax.
b) income tax to income after paying income tax.

Answer 1

Given,
Ravi's earning = Rs. 360000
Income tax paid = Rs. 24000

a) Ratio of income to income tax = $\frac{Rs.360000}{Rs.24000}$

= $\frac{15}{1}$ = $15:1$ [on dividing numerator and denominator by 24000]

b) Income of Ravi after paying income tax = Income - Tax paid

= Rs. (360000 - 24000) = Rs. 336000
Ratio of income tax to income after paying income tax = Rs. $\frac{24000}{336000}$

= $\frac{1}{14}=1:14$ [on dividing numerator and denominator by 24000]