question 001

Question

The property taxes on a business office were $2665. What was the tax rate if the business office was valued at $⁢205,000? Round your answer to the nearest hundredth of a percent, if necessary.

Answer 1

Divide: 2665 / 205,000 and when you get the decimal answer, shift the decimal point two places to the right. Then your number is a percentage value; round as directed.