Ques:- An individual pays 30% income tax. On this tax he has to pay a surcharge of 10%. Thus the net tax rate, he has to pay is
A. 27%
B. 33%
C. 40%
D. 45%
Ques:- X and Y invested in a business. They earned some profit which they divided in the ratio of 2 : 3. If X is invested Rs.40,000, the amount invested by Y is
A. Rs. 40,000
B. Rs. 45,000
C. Rs. 50,000
D. Rs. 60,000
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