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4 votes
Ricey paid $1500 in taxes for his premises. If the tax is 15% of the value of the premises, what is the value of his premises?

User Ray Baxter
by
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1 Answer

6 votes

Answer:

The premises is worth $10,000.

Explanation:

The tax represents 15% of the value of the premises. So we need to know 100% of that value.


(1500)/(0.15)=10,000

User Srinath Thota
by
6.0k points
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