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# PS:GMATPrep-income tax

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Joined: 03 Jul 2006
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PS:GMATPrep-income tax [#permalink]  10 Sep 2006, 19:21
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Joined: 25 Jun 2006
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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.
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