Question

30 points ASAP!
Help!!! Explanation would be great of how to do it.

Answer 1

Answer: 14400

Chances are your teacher doesn't want you to enter any commas. You won't type in the dollar sign either.

============================================================

Step-by-step explanation:

Nice work on selecting the correct equation to set up.

We'll cross multiply to help solve for x.

The idea of cross multiplication is that
`(A)/(B) = (C)/(D)` turns into
`A*D = B*C`

So,

`(5040)/(280000) = (x)/(800000)\\\\5040*800000 = 280,000*x\\\\4,032,000,000 = 280,000x\\\\280000x = 4,032,000,000\\\\x = (4,032,000,000)/(280,000)\\\\x = 14,400\\\\`

That means the person would pay $14,400 on a property worth $800,000.