Question

The Property has an assessed value of ₹800000 the tax rate is 14% of assessed value What is the annual tax ​

Answer 1

Cross product

100   800 000

14

14*800 000 / 100=112 000

The anual tax is 112 000 indian money.

Answer 2

Given :-

Rupees = 8,00,000

Tax = 14%

To Find :-

Annual tax

Solution :-

Here we have to find 14% of 800000

So

14% of 800000 = x

Assumed x as  annual rate

14/100 × 800000 = x

11200000/100 = x

112000 = x

Thus,

Annual rate is 112000