Question

Mary is purchasing a home for 145000 she is in the process of selling her present home for 85000 what will her down payment equal if she puts down 40% answer

Answer 1

58000 The key to this problem is ignoring information that doesn't apply to the problem. We're looking for 40% of the purchase price for Mary's new home. We don't care about how much she's selling the old home for. So we just need to calculate 40% of 145000, so 40% * 145000 = 0.40 * 145000 = 58000 So the 40% down payment on her new 145000 house is 58000