In a certain community, property is assessed at 60% of its appraised value and taxed annually at the rate of Tk. 4.00 per Tk. 100 of assessed value. If a taxpay

In a certain community, property is assessed at 60% of its appraised value and taxed annually at the rate of Tk. 4.00 per Tk. 100 of assessed value. If a taxpayer is assessed Tk. 240 per quarter in property taxes, what is the appraised value of the property?

In a certain community, property is assessed at 60% of its appraised value and taxed annually at the rate of Tk. 4.00 per Tk. 100 of assessed value. If a taxpayer is assessed Tk. 240 per quarter in property taxes, what is the appraised value of the property? ?

Created: 1 week ago | Updated: 1 week ago | Created By:

Imran Ahmed

TK.6000

TK.22,500

TK.24000

TK.40,000

0 1

Best Answer Explained in Below-:

Total tax of assessed = ( 240×4) Tk. = 960Tk. Tk. 4 is tax of Tk. 100 Tk.960 is tax of Tk. ( 100/4 ×960) = 24000 Tk. So, 60% of x = 24000Tk. 60x×x /100 = 24000 x = 2400000/60 = 40000 Tk.

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