Because he’s taxed by his home planet, Mork pays a tax rate of 30% on his income, while Mindy pays...

Because he’s taxed by his home planet, Mork pays a tax rate of 30% on his income, while Mindy pays a rate of only 20% on hers. If Mindy earned 3 times as much as Mork did, what was their combined tax rate?

Quiz

Answer/Solution

22.5%

Steps/Work

Say Morks income is - 100
So tax paid will be 30
Say Mindys income is 3*100 = 300
So tax paid is 20% * 300 = 60
Total tax paid = 30+60 = 90.
Combined tax % will be 90/100+300 = 22.5%

Gain Calculator / Auto Solver

Because he ’ s taxed by his home planet, mork pays a tax rate of % on his income, while mindy pays a rate of only % on hers. If mindy earned times as much as mork did, what was their combined tax rate?

Calculated Answer

22.5

Step by Step Solution

In order to solve problem, you must evaluate (n0 / 100 + n2 * n1 / 100) / (n2 + 1) * 100.

n0 =30
n1 =20
n2 =3