Question 71

Ms. Gupta bought a house for ₹C in 2010. Three years later she sold the house for 25% more than she paid for it. She has to pay a tax of 50% on the gain. (The gain is the selling price minus the cost.) How much tax must Ms. Gupta pay?

Name: Ms. Gupta bought a house for ₹C in 2010. Three years later she sold the house for 25% more than she paid for it. She has to pay a tax of 50% on the gain. (The gain is the selling price minus the cost.) How much tax must Ms. Gupta pay?
Uploaded: 2026-04-29T09:44:09.044525+05:30
Duration: 1 min 53 s
Description: Ms. Gupta bought a house for ₹C in 2010. Three years later she sold the house for 25% more than she paid for it. She has to pay a tax of 50% on the gain. (The gain is the selling price minus the cost.) How much tax must Ms. Gupta pay?

Solution

Cost price of house = Rs. $$C$$

Profit on house = $$\frac{25}{100}\times C=Rs.$$ $$\frac{C}{4}$$

Tax paid = $$\frac{50}{100}\times\frac{C}{4}=Rs.$$ $$\frac{C}{8}$$

=> Ans - (C)

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