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If Deepak pays 30% of his income in taxes and his take-home

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Retired Moderator
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Joined: 07 Jun 2014
Posts: 4803
GRE 1: Q167 V156
WE: Business Development (Energy and Utilities)
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Kudos [?]: 3033 [0], given: 394

If Deepak pays 30% of his income in taxes and his take-home [#permalink] New post 27 May 2018, 12:27
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Question Stats:

100% (00:26) correct 0% (00:00) wrong based on 15 sessions
If Deepak pays 30% of his income in taxes and his take-home pay after taxes is $2,800 per month, how much does Deepak make per month, before taxes?

[Reveal] Spoiler: OA
4000

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Sandy
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Retired Moderator
User avatar
Joined: 07 Jun 2014
Posts: 4803
GRE 1: Q167 V156
WE: Business Development (Energy and Utilities)
Followers: 175

Kudos [?]: 3033 [0], given: 394

Re: If Deepak pays 30% of his income in taxes and his take-home [#permalink] New post 27 May 2018, 12:38
Expert's post
Explanation

If Deepak pays 30% in taxes, his take-home pay after taxes is 70%. Since this amount is equal to $2,800:

0.70x = 2,800

x = 4,000
_________________

Sandy
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Re: If Deepak pays 30% of his income in taxes and his take-home   [#permalink] 27 May 2018, 12:38
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If Deepak pays 30% of his income in taxes and his take-home

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