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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:- A and B are started a business in partnership investing Rs.20,000 and Rs.15,000 respectively. After six months, C joined them with Rs.20,000. What will be B’s share in the total profit of Rs.25,000 earned at the end of 2 years from the starting of the business?
A. Rs. 7000
B. Rs. 7500
C. Rs. 9000
D. Rs. 9500