godzilladgr7 godzilladgr7

01-11-2020
Mathematics

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Ricey paid $1500 in taxes for his premises. If the tax is 15% of the value of the premises, what is the value of his premises?

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gardnerdanj gardnerdanj

01-11-2020

Answer:

The premises is worth $10,000.

Step-by-step explanation:

The tax represents 15% of the value of the premises. So we need to know 100% of that value.

[tex]\frac{1500}{0.15}[/tex]=10,000

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