A house cost Mr. “X” C Taka in Three years later he sold the house for 25% more than he paid for it. He has to pay a tax of 50% of the gain. (The gain is the selling price minus the cost.) How much tax must Mr. “X” pay?

A house cost Mr. “X” C Taka in Three years later he sold the house for 25% more than he paid for it. He has to pay a tax of 50% of the gain. (The gain is the selling price minus the cost.) How much tax must Mr. “X” pay?

A (1×C)/24

B (1×C)/8

C (1×C)/4

D C/2

Solution

Correct Answer: Option B