Tax payment question

Question

The tax on a house worth $750,000 was $6665. What percentage of tax was paid?

Answer 1

You can also set this up as a proportion:

The first fraction is the part paid in taxes over the whole cost of the house.

Set that equal to an unknown value, x, over 100.

6665 x

________ = ________

750,000 100

You can use cross multiplication to solve for x:

6665(100) = 750,000x

666,500

________ = 0.8886

750,000

0.8886 = 88.86% which can be rounded to 89%

Answer 2

$6665/$750,000 = 0.00889

0.00889 * 100% = 0.89 % tax was paid