the value of a house is $70,000 and the tax is $1,100 so if the tax on a 2nd house is $1,400 what is the unknown value of the 2nd house?

Question

value of house $70K

taxable $1,100

value of house 2 - unknown

taxable $1,400

what is the value of the unknown 

ty

Answer 1

Set this up as a proportion.

 

$70,000 house value is to $1100 in taxes,

as "h" ... (unknown house value) is to $1400 in taxes

 

   70,000            h

   --------   =  ---------

    1100           1400

 

     700               h

    ------     =  ---------

      11            1400

 

Cross multiply.

 

     700(1400) = 11h

              11h  = 980,000

 

Divide both sides by 11

 

                  h = 89,090.91

 

So the unknown value of the house is $89,090.91