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Author Question: A wholesale outlet is offered a discount of 2% for payment in cash of an invoice of $950. If it ... (Read 27 times)

fagboi

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Question 1

A residential property is assessed for tax purposes at 45% of its market value. The residential property tax rate is 3 2/3% of the assessed value and the tax is $1300.
a) What is the assessed value of the property?
b) What is the market value of the property?

Question 2

A wholesale outlet is offered a discount of 2% for payment in cash of an invoice of $950. If it accepted the offer, how much was the cash payment?


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Marked as best answer by fagboi on Jun 7, 2019

matt95

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