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Question

The price of a house is $12 million. If 15 th of the price is tax, the percentage of tax is

A
20%
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B
30%
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C
40%
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D
50%
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Solution

The correct option is A 20%
Price paid as tax is 15th of $12 million

=15×12=1×15×2=$110 million

Percentage of tax

=Price paid as tax÷Price of the house

=$110 million÷$12 million

Calculating 110÷12 using the keepchangeflip method, we get:


Calculating 110×21 we get:

110×21=1×210×1=210=2×1010×10=20100

Converting the fraction into percentage, we get:

20100=20100×100% =20%

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