document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=282748>Question 282748</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Good day. I would just like some help solving this problem. The answer is supposed to be $8,720.00, but I'm still confused as to how the reviewer got it. Here goes:<BR>\n" );
document.write( "A person pays $98.10 as annual tax on his house and lot. If the rate of it is 1-1/2% and the value of the property is 75% of the actual cost, what is the cost of the property?<BR>\n" );
document.write( "Thank you very much and Godspeed! :)   </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #205276 by </B><A HREF=/tutors/aboutme.mpl?userid=Theo><B>Theo(13342)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Theo><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=Theo><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=205276\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> A person pays $98.10 as annual tax on his house and lot. If the rate of it is 1-1/2% and the value of the property is 75% of the actual cost, what is the cost of the property?  The answer is supposed to be $8,720.00\r<BR>\n" );
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document.write( "x = actual cost of the property.<BR>\n" );
document.write( ".75 * x = value of the property.\r<BR>\n" );
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document.write( "Person pays $98.10 annual tax on his property.<BR>\n" );
document.write( "This tax is based on the value of the property.<BR>\n" );
document.write( "Tax rate is .015 * value of the property.\r<BR>\n" );
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document.write( "Your equation is:\r<BR>\n" );
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document.write( "98.10 = .015 * .75 * x\r<BR>\n" );
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document.write( "Simplify to get:\r<BR>\n" );
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document.write( "98.10 = .01125 * x\r<BR>\n" );
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document.write( "Divide both sides of this equation by .01125 to get:\r<BR>\n" );
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document.write( "x = $8720.00\r<BR>\n" );
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document.write( "This agrees with the value that you're supposed to get so it's good.\r<BR>\n" );
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document.write( " </SPAN>\n" );
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