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

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sandy

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Joined: 07 Jun 2014

Posts: 4804

GRE 1: Q167 V156

WE:Business Development (Energy and Utilities)

If Deepak pays 30% of his income in taxes and his take-home [#permalink]

27 May 2018, 12:27

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Question Stats:

93% (00:26) correct

6% (02:17) wrong

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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?

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4000

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sandy

Retired Moderator

Joined: 07 Jun 2014

Posts: 4804

GRE 1: Q167 V156

WE:Business Development (Energy and Utilities)

Re: If Deepak pays 30% of his income in taxes and his take-home [#permalink]

27 May 2018, 12:38

Expert Reply

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
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