Price of property is 1250000
First 500,000 sq ft 1% tax
Next 500,000 sq ft 0.8% tax
For every subsequent 100,000 sq ft 0.7% tax
For clarity, the total percentage of tax of the property should be 3.9%.
I could come up with the formula for the first two but got stuck at the subsequent 100,000 sq ft one.
Any help would be greatly appreciated !
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