Question

A family buys a studio apartment for $240,000. They pay a down payment of $60,000.

Answer 1

Answer:

Part A: 25%
Part B: 40%

Step-by-step explanation:

Given the following questions:

$240000 for a studio apartment
$60000 as a down payment.

In order to find the answer, we use the formula to calculate the percentage for the total cost of the studio apartment and the down payment.

Part A:
$\frac{c\times n}{100}$
$\frac{25\times240000}{100} =25\times240000=60000$
$=60000$

Part B:
$\frac{c\times n}{100}$
$\frac{40\times240000}{100} =40\times240000=9600000\div100=96000$
$=96000$

The percent of a down payment of $60,000 for a $240,000 studio apartment is "25%." While the percent of a $96,000 dollar down payment for a $240,000 studio apartment is "40%."

Hope this helps.