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In 2001, Joe paid 5.1 percent of his income in taxes. If from 2001 to
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27 Sep 2023, 03:09
27 Sep 2023, 03:09
Expert Reply
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Question Stats:
80% (01:55) correct
20% (02:38) wrong based on 5 sessions
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In 2001, Joe paid 5.1 percent of his income in taxes. If from 2001 to 2002, Joe’s income increased by 10 percent, and taxes paid in 2002 are equivalent to 3.4 percent of Joe’s income in 2001, what percent of his income did Joe pay in taxes, in 2002?
Show: ::
3.09 %
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Free Materials for the GRE General Exam - Where to get it!!
GRE Geometry Formulas
GRE - Math Book
Re: In 2001, Joe paid 5.1 percent of his income in taxes. If from 2001 to
[#permalink]
08 Oct 2023, 23:47
08 Oct 2023, 23:47
Expert Reply
The first part is there to distract you.
The key is that the salary increased by 10% so it is 110
3.4% of income in 2002 which is 110
3.4/100*100=3.09%
The key is that the salary increased by 10% so it is 110
3.4% of income in 2002 which is 110
3.4/100*100=3.09%
gmatclubot
Re: In 2001, Joe paid 5.1 percent of his income in taxes. If from 2001 to [#permalink]
08 Oct 2023, 23:47
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