The cost of a house was X lakhs in 2005. After 3 years, the owner of the house sold it for 25% more than she paid it. But she has to pay a tax of 50% of the gain. The tax amount she has to pay is. ?->(Show Answer!)

1. The cost of a house was X lakhs in 2005. After 3 years, the owner of the house sold it for 25% more than she paid it. But she has to pay a tax of 50% of the gain. The tax amount she has to pay is.

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By: anil on 05 May 2019 01.54 am

Cost of house in 2005 (in lakhs) = $$x$$ Profit % = 25% => Profit earned = $$frac{25}{100} * x = frac{x}{4}$$ Now, tax paid is 50% of the gain => Tax paid = $$frac{50}{100} * frac{x}{4} = frac{x}{8}$$

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MCQ->The cost of a house was X lakhs in 2005. After 3 years, the owner of the house sold it for 25% more than she paid it. But she has to pay a tax of 50% of the gain. The tax amount she has to pay is.....