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Author Question: Darrick Johnson wants to buy a home. He has narrowed the choice down to a 245,000 home in Sweet Oak ... (Read 59 times)

Mr. Wonderful

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on: Jun 24, 2018
Darrick Johnson wants to buy a home. He has narrowed the choice down to a 245,000 home in Sweet Oak and a 282,000 home in Cherry Hill. With regard to property taxes, Sweet Oak has an assessment rate of 90 and a tax rate of 1.45 per 100 of assessed value, while Cherry Hill has a 70 assessment rate and a tax rate of 19.4 mills. Which house has the higher property tax, and by how much? (Round to the nearest cent)

Question 2

The markup on a dining room table is 30 of the sale price. If the table sells for 1348, what was the cost?


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sultana.d

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Reply #1 on: Jun 24, 2018
Answer to Question 1

Cherry Hill, 632.31

Answer to Question 2

943.6


Mr. Wonderful

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Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

dantucker

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Reply 3 on: Yesterday
Excellent

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