Investors buy a studio apartment for $ 150,000. Of this amount, they have a down payment of $ 15,000. Their down payment is wha

Question

3 years ago

7

t percent of the purchase price? What percent of the purchase price would a $67,500 down payment be?

1 answer:

Bingel [31] · Answer 1 · 2022-03-27T12:56:18+03:00

Answer:

To find the percentage of the down payment to the purchase price, just multiply the down payment by 100 and divide the result by the purchase

i.e 15,000 x 100/ 150,000= 10%

Also for the second part, multiply the down payment by 100 and divide by the purchase price

i.e 67,500 x 100 / 150,000= 45%

Step-by-step explanation:

Investors buy a studio apartment for $ 150,000. Of this​ amount, they have a down payment of $ 15,000. Their down payment is wha