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# Befor being simplified, the instructions for computing

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Joined: 20 Nov 2005
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Befor being simplified, the instructions for computing [#permalink]

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30 Jul 2006, 21:10
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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????
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SAID BUSINESS SCHOOL, OXFORD - MBA CLASS OF 2008

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VP
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30 Jul 2006, 21:16
i did this before but i am not sure whether it was correct or not.

http://www.gmatclub.com/phpbb/viewtopic ... structions

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Senior Manager
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30 Jul 2006, 21:43
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
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Re: PS: Income Tax   [#permalink] 30 Jul 2006, 21:43
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