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Author Question: Janice Harris wants to buy a home. She has narrowed the choice down to a 125,000 home in Summerton ... (Read 35 times)

Starlight

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on: Jun 24, 2018
Janice Harris wants to buy a home. She has narrowed the choice down to a 125,000 home in Summerton and a 138,000 home in Lionsville. With regard to property taxes, Summerton has an assessment rate of 100 and a tax rate of 1.86 per 100 of assessed value, while Lionsville has an 80 assessment rate and a tax rate of 22.6 mills. Which house has the higher property tax, and by how much? (Round to the nearest cent)

Question 2

Mid West Appliances buys washers for 369 each. If a 43 markup based on cost is desired, what should be the selling price of the washer?


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briseldagonzales

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

Lionsville, 170.04

Answer to Question 2

527.67


Starlight

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

shewald78

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Reply 3 on: Yesterday
Wow, this really help

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