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Math - Need urgent help!

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A residential property is assessed for tax purposes at 40% of its market value. The residential property tax is 3 1/3% of the assessed value and the tax is $1200.
a)What is the assessed value of the property?
b) What is the market value of the property?

  • Math - Need urgent help! - ,

    1200 = 0.0333 * assessed value

    assessed value = .4 * market value

    solve the 1st equation for the assessed value, then plug this number into the second equation and solve for the market value

  • Math - Need urgent help! - ,

    Thank youu!!!

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