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PS:GMATPrep-income tax

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PS:GMATPrep-income tax [#permalink] New post 10 Sep 2006, 20:21
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please explain...
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 [#permalink] New post 10 Sep 2006, 20:58
2% of ones income: 2I/100.
the average of 100 units of the currency and 1% of the income is
(100 + 1xI/100)2.

hence:
2I/100 + (100 + I/100)2 = 50 + I/40.
  [#permalink] 10 Sep 2006, 20:58
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