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PS:GMATPrep-income tax

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Manager
Joined: 03 Jul 2006
Posts: 174

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10 Sep 2006, 20:21
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VP
Joined: 25 Jun 2006
Posts: 1161

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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.

Kudos [?]: 192 [0], given: 0

10 Sep 2006, 20:58
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