Imagine there is no tax on income up to Rs 1000 after that there is a tax of 505 what is the average tax rate on an income of Rs 20,000 ?

Imagine there is no tax on income up to Rs 1000 after that there is a

1.	Imagine there is no tax on income up to Rs 1000 after that there is a tax of 505 what is the average tax rate on an income of Rs 20,000 ?
A.	Rs 50000
B.	20%
C.	25%
D.	Rs 10000
Answer» C. 25%