To Find Worth of the Property when Tax Amount and Tax Rate % are given (WP-9 Property Tax)

Q. Adnan has paid Rs. 16,000 as a property tax at the rate of 1.6%. Find the value of his property.

Given:

Property tax (Tax Amount) Paid = Rs. 16,000 

Tax rate = 1.6% 

To Find: 

Value (worth) of the property =? 

Solution:

Using the unitary method

1.6% of the worth of property = Rs.16,000

1% of the worth of property = `{\frac {Rs.16,000}{1.6}}`

100% of the worth of property = `{\frac {Rs.16,000}{1.6}}` x 100

100% of the worth of property = Rs.100,000

The worth of Adnan's property is Rs.100,000.

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