The total assessed property value in River City is 106,000,000. Budget planners have determined that 7,663,800 will be required to provide all government services next year. What tax rate is required to meet the budgetary demands? (Express your answer as a percent rounded to the nearest hundredth)
A) 7.20
B) 7.23
C) 72.30
D) 1.38
Question 2
You can buy a mountain bike on sale for only 592.97. What is the percent markdown, if the original price was 689.50? (Round to the nearest whole percent)
A) 16
B) 86
C) 15
D) 14
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