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# simplified

Author Message
Intern
Joined: 13 Apr 2009
Posts: 12

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04 May 2009, 01:58
00:00

Difficulty:

(N/A)

Question Stats:

100% (02:27) correct 0% (00:00) wrong based on 0 sessions

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Attachment:

13.png [ 25.02 KiB | Viewed 1083 times ]

Can someone explain this?

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Manager
Joined: 08 Feb 2009
Posts: 141
Schools: Anderson

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04 May 2009, 05:20
Hi,
Income = i
Tax = 2% of i + Average of (100, 1% of i) = 0.02i + (100+0.01i)/2 = 0.02i + 50 + 0.005i = 50 + 0.025i = 50 + i/40

hope it helps.

--== Message from GMAT Club Team ==--

This is not a quality discussion. It has been retired.

If you would like to discuss this question please re-post it in the respective forum. Thank you!

To review the GMAT Club's Forums Posting Guidelines, please follow these links: Quantitative | Verbal Please note - we may remove posts that do not follow our posting guidelines. Thank you.
Re: simplified   [#permalink] 04 May 2009, 05:20
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