The assessed value of a house is Tk. 72000 which stands at 60% of the market value of the house. If tax rate is Tk. 3 for every Tk. 1000 of the market value of the house, how much would be the tax on the house?

The assessed value of a house is Tk. 72000 which stands at 60% of the market value of the house. If tax rate is Tk. 3 for every Tk. 1000 of the market value of the house, how much would be the tax on the house?

A Tk. 216

B Tk. 360

C Tk. 1386

D Tk. 2160

Solution

Correct Answer: Option B