Question

Investors buy a studio apartment for 120000 of this amount they have down payment of 24000 their down payment is what percent of the purchase price what percent of the purchase price would a 48000 down payment

Answer 1

Answer:

1. 20%

2. 40%

Step-by-step explanation:

To find the percent of the total payment that the down payment is we have to you use the following equation:

$\frac{part}{whole} * 100 = percent$

Lets start plugging things into the equation.

The part is equal to the down payment and the whole is the total cost of the studio apartment.

Let's do this for the first question

$\frac{24,000}{120,000} * 100 = 20%$

So we see that 24,000 is 20% of the total purchase price!

Let's do this for the next question:

$\frac{48,000}{120,000} * 100 = 40$

48,000 is 40% of the 120,000 total cost!

Hope this helps!

- Kay