County T collected a tax equal to 3 percent of the price of each home sold in the county in 2009. Approximately how much did Cou

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问题 County T collected a tax equal to 3 percent of the price of each home sold in the county in 2009. Approximately how much did County T collect in taxes from all homes sold in 2009 ?

选项 A、$38,000
B、$260,000
C、$380,000
D、$2,600,000
E、$3,800,000

答案E

解析 The total price of all the homes sold in 2009 is equal to the number of homes sold times the mean price of the homes sold. The tax is 3% of this amount. Since the choices given are far apart, there is no need for accurate computations. Using estimation, you get a total price of about(500)($250,000), or $125 million. The tax of 3% is(0.03)($125 million), or approximately $3.75 million. Of the choices given, $3,800,000 is closest to this amount. The correct answer is Choice E.
This explanation uses the following strategies.
Strategy 4: Translate from a Figure to an Arithmetic or Algebraic Representation
Strategy 9: Estimate
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