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Question
In a certain community, property is assessed value. if a tax payer is assessed TK. 240 per quarter in property taxes, what is the appraised value of the property?
TK.6000
TK.22,500
TK.24000
TK.40,000
TK.60,000
ANSWER : 4
Descrption
<p>Total tax of assessed = ( 240×4) Tk. = 960Tk.</p> <p>Tk. 4 is tax of Tk. 100</p> <p>Tk.960 is tax of Tk. ( 100/4 ×960) = 24000 Tk.</p> <p>So, 60% of x = 24000Tk.</p> <p>60x×x /100 = 24000</p> <p>x = 2400000/60 = 40000 Tk.</p>
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