Befor being simplified, the instructions for computing : PS Archive
Check GMAT Club Decision Tracker for the Latest School Decision Releases http://gmatclub.com/AppTrack

 It is currently 23 Jan 2017, 03:34

### GMAT Club Daily Prep

#### Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

# Events & Promotions

###### Events & Promotions in June
Open Detailed Calendar

# Befor being simplified, the instructions for computing

Author Message
CEO
Joined: 20 Nov 2005
Posts: 2911
Schools: Completed at SAID BUSINESS SCHOOL, OXFORD - Class of 2008
Followers: 24

Kudos [?]: 273 [0], given: 0

Befor being simplified, the instructions for computing [#permalink]

### Show Tags

30 Jul 2006, 20:10
00:00

Difficulty:

(N/A)

Question Stats:

0% (00:00) correct 0% (00:00) wrong based on 0 sessions

### HideShow timer Statistics

This topic is locked. If you want to discuss this question please re-post it in the respective forum.

Befor being simplified, the instructions for computing income tax in Country R were to add 2 percent of one's annual income to the average (arithmatic mean) of Country R's currency and one percent of one's annual income. What is the simplified formula for computing the income tax, in Country R's currency, for a person in that country whose annual income is I?

Can some body help me to understand what is being asked????
_________________

SAID BUSINESS SCHOOL, OXFORD - MBA CLASS OF 2008

VP
Joined: 29 Dec 2005
Posts: 1348
Followers: 10

Kudos [?]: 60 [0], given: 0

### Show Tags

30 Jul 2006, 20:16
i did this before but i am not sure whether it was correct or not.

http://www.gmatclub.com/phpbb/viewtopic ... structions
Senior Manager
Joined: 22 May 2006
Posts: 371
Location: Rancho Palos Verdes
Followers: 1

Kudos [?]: 110 [0], given: 0

### Show Tags

30 Jul 2006, 20:43
Average of Country R's currency and one percent of one's annual income = (100+0.01I)/2
2 percent of one's annual income 0.02I

0.02I+(100+0.01I)/2
_________________

The only thing that matters is what you believe.

Re: PS: Income Tax   [#permalink] 30 Jul 2006, 20:43
Display posts from previous: Sort by