Riaz spent 20% of his income on taxes and 20% of the remainder on rent. What persent of his income has he spent on rent?

A 12

B 14

C 16

D 18

Solution

Correct Answer: Option C

Remain = (100-20)% = 80%

Spent on rent = 20% of 80%

= 20/100 X 80%

=16%