Question

The net income of a business man after paying income tax at the rate of $5\%$ is 209,000$, then his gross income is

• A. $250,000$
• B. $269000$
• C. $249800$
• D. $220,000$

Answer 1

The correct option is D $220,000$

Let gross income is $x$

Income tax is $5$ of $x=\frac{5x}{100}$

$then$

$x-\frac{5x}{100}=209,000$

$\frac{95}{100}\times x=209,000$

$x=\frac{209,000\times 100}{95}=220,000$

$Hencethegrossincomeis220,000$