Variables
• x: assessed price
,
• y: tax
Given that the tax is proportional to the assessed price, then these variables are related by the next formula:
y = kx
where k is some constant.
If we have two ordered pairs (x1, y1) and (x2, y2), the relations are:
![\begin{gathered} y_1=kx_1 \\ \text{ And} \\ y_2=kx_2 \end{gathered}](https://img.qammunity.org/2023/formulas/mathematics/college/k2mgi02iwz03a264wod3wrc11ghqn5qzeh.png)
Dividing y1 by y2:
![\begin{gathered} (y_1)/(y_2)=(kx_1)/(kx_2) \\ \text{ Simplifying:} \\ (y_1)/(y_2)=(x_1)/(x_2) \\ \text{ Dividing by x1 at both sides} \\ (y_1)/(y_2\cdot x_1)=(x_1)/(x_2\cdot x_1) \\ (y_1)/(y_2\cdot x_1)=(1)/(x_2) \\ \text{ Multiplying by y2 at both sides} \\ (y_1\cdot y_2)/(y_2\cdot x_1)=(1\cdot y_2)/(x_2) \\ (y_1)/(x_1)=(y_2)/(x_2) \end{gathered}](https://img.qammunity.org/2023/formulas/mathematics/college/2p060jc20m7qzu12ak9wbbgdtnipwp5r7q.png)
Substituting with y1 = $19,530, x1 = $930,000, x2 = $660,000, and y2 = x:
![(19530)/(930000)=(x)/(660000)](https://img.qammunity.org/2023/formulas/mathematics/college/rgjxd544xml4jio7zgmi8lsi7yfwwunjnf.png)