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Bunuel
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Active GMAT Club Expert! Tag them with @ followed by their username for a faster response.
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Bunuel
In Township K each property is taxed at 8 percent of its assessed value. If the assessed value of a property in Township K is increased from $20,000 to $24,000, by how much will the property tax increase?

(A) $32
(B) $50
(C) $320
(D) $400
(E) $500

= 8% of ( 24,000 - 20,000 )

= 8% of 4,000

= 320

Hence, The correct answer will be (C) $320
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Hello from the GMAT Club BumpBot!

Thanks to another GMAT Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).

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