Q: A man's annual income has increased by Rs. 5 lakhs but the tax on income that he has to pay has reduced from 12% to 10%. He now pays Rs. 10,000 more income tax. What is his increased income (in Rs. lakhs)?
A.
20
B.
25
C.
15
D.
10
E.
Correct Answer:
Option B -
Explanations:
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