Investors buy a studio apartment for $240,000.Of this amount, they have a down payment of $48,000. Their down payment is what pe
rcent of the purchase price?what percent of the purchase price would a $96,000down payment be?
1 answer:
Answer:
The answers are 20% and 40%
Step-by-step explanation:
Cost price is $240,000
The percentage of $48000 will be
(48000/240000) × 100
= 20%
The percentage of $96000 will be
(96000/240000) ×100
= 40%
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