Question

Investors buy a studio apartment for $150,000. Of this​ amount, they have a down payment of $37,500. Their down payment is what percent of the purchase​ price? What percent of the purchase price would a ​$67,500 down payment​ be?

Answer 1

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: