Answer:
$7235.2
Step-by-step explanation:
Given the buying price before adding property tax as $304000 then since property tax accounts for 2.38% of this selling price, it implies that the buyer will part with 102.38% of the given price
The amount of property tax, considering the given selling price which we assume is exclusive of the tax then the tax will be equivalent to [tex]\frac {2.38\%\times\$ 304000}{100\%}=\$7235.2[/tex]
