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
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