This is GMT question the answer is D. but I am little bit confused if someone know please solve this question I will be grateful to you .

Q - If the value of a piece of property decreases by 10 % while the tax rate on the property increases by 10 %, what is the effect on the taxes?

a) Taxes increases by 10 %

b) Taxes increases by 1 %

c) No change

d) Taxes decreases by 1 %

e) Taxes decreases by 10 %

Q - If the value of a piece of property decreases by 10 % while the tax rate on the property increases by 10 %, what is the effect on the taxes?

a) Taxes increases by 10 %

b) Taxes increases by 1 %

c) No change

d) Taxes decreases by 1 %

e) Taxes decreases by 10 %

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