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Real estate in City X is taxed at the rate of $9.80 per [#permalink] ### Show Tags 12 Aug 2004, 19:19 00:00 Difficulty: (N/A) Question Stats: 0% (00:00) correct 0% (00:00) wrong based on 0 sessions ### HideShow timer Statistics This topic is locked. If you want to discuss this question please re-post it in the respective forum. Real estate in City X is taxed at the rate of$9.80 per $100.00 of assessed value. what is the assessed value of a property that has a real estate tax of$1,225.00 ?

A. 1,204
B. 1,225
C. 12,050
D. 12,250
E. 12,500

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12 Aug 2004, 19:26
E. 12500.

9.80 100
1225 ?

? = (1225*100)/9.80 = 12500.
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12 Aug 2004, 19:34
should be 12500.

For each $100 assesed value, there is a tax of$9.80.