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1. 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?
- A. TK.6000
- B. TK.6000
- C. TK.6000
- D. TK.6000
Answer: Option D
Explanation:
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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