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Gmatprep-Income tax

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Gmatprep-Income tax [#permalink] New post 26 Jul 2008, 10:38
Please explain your work.
Attachment:
sheetal_itax.GIF
sheetal_itax.GIF [ 19.36 KiB | Viewed 614 times ]
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Joined: 03 Jun 2008
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Schools: ISB, Tuck, Michigan (Ross), Darden, MBS
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Re: Gmatprep-Income tax [#permalink] New post 26 Jul 2008, 10:45
C is the correct ans.

Tax = .02 I + (100 + .01 I)/2

=> I/50 + 50 + I/200

=> 5I/200 + 50

=> I/40 + 50
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Re: Gmatprep-Income tax   [#permalink] 26 Jul 2008, 10:45
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