If a person pays Zakat as Rs 8500, what is the total amount of their wealth...?

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✅ Correct Answer: Rs 340000

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Explanation:

Zakat is calculated as 2.5% of a person's total wealth. To find the total amount of wealth, you can use the formula:

Total Wealth=Zakat Paid2.5%Total Wealth=2.5%Zakat Paid

Substituting the given Zakat amount:

Total Wealth=85000.025=340,000Total Wealth=0.0258500=340,000

Source: This question is taken from the Excise And Taxation Inspector & Narcotics Control (Bs-16)

If a person pays Zakat as Rs 8500, what is the total amount of their wealth...? Mcqs