Question

In Atlanta, the tax on a property assessed at $420,000 is $9,240. If tax rates are proportional in this city, how much would the tax be on a property assessed at $550,000? Answer: $

Answer 1

hello

to solve this question, we need to know how many percentage is $9,240 on $420,000.

$\begin{gathered} x=\frac{9240}{420000}\times100 \\ x=0.022\times100 \\ x=2.2\text{ \%} \end{gathered}$

the tax in Atlanta city is 2.2%

next we can proceed to find 2.2% on $550,000

$\begin{gathered} 2.2\text{ \% on \ 420,000} \\ \frac{2.2}{100}=\frac{x}{550000} \\ \text{cross multiply both sides} \\ 100\times x=2.2\times550000 \\ 100x=1210000 \\ \text{divide both sides by 100} \\ \frac{100x}{100}=\frac{1210000}{100} \\ x=12100 \end{gathered}$

the value of tax on a $550,000 is $12,100