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In 2009 the property tax on each home in Town X was p percen

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In 2009 the property tax on each home in Town X was p percen [#permalink] New post 30 Nov 2015, 02:32
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Question Stats:

91% (01:01) correct 8% (01:17) wrong based on 122 sessions
In 2009 the property tax on each home in Town X was p percent of the assessed value of the home, where p is a constant.
The property tax in 2009 on a home in Town X that had an assessed value of $125,000 was $2,500.

Quantity A
Quantity B
The property tax in 2009 on a home in Town X that had an assessed value of $160,000
$3,000


A)The quantity in Column A is greater.
B)The quantity in Column B is greater.
C)The two quantities are equal.
D)The relationship cannot be determined from the information given.

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Question: 3
Page: 146
Difficulty: easy
[Reveal] Spoiler: OA

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Re: In 2009 the property tax on each home in Town X was p percen [#permalink] New post 30 Nov 2015, 02:44
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Solution

We need to find our variable \(p\)

Setting up a proportion \(2500=\frac{X}{100} * 125000\)\(=2% or 0.02\)

As for the 1° quantity we do have that : \(160000 * 0.02 = 3200\)

So the \(Q 1 > Q 2\)

The answer is \(A\)
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Re: In 2009 the property tax on each home in Town X was p percen [#permalink] New post 07 Jul 2020, 06:21
which formula is used to solve for this question?
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Re: In 2009 the property tax on each home in Town X was p percen [#permalink] New post 07 Jul 2020, 11:24
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It is not a formula Sir.

it is just a proportion.

Ask if you need further assistance.

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Re: In 2009 the property tax on each home in Town X was p percen   [#permalink] 07 Jul 2020, 11:24
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In 2009 the property tax on each home in Town X was p percen

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