A man's annual income has increased by Rs. 5 lakhs but the tax on income that he has to pay has reduced from 12 % to 10 %. He now pays Rs. 10,000 more income tax. What is his increased income (in Rs. lakhs)?
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Q:
A man's annual income has increased by Rs. 5 lakhs but the tax on income that he has to pay has reduced from 12 % to 10 %. He now pays Rs. 10,000 more income tax. What is his increased income (in Rs. lakhs)?
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