Question

Investors buy a studio apartment for $200,000 . Of this​ amount, they have a down payment of $70,000. Their down payment is what percent of the purchase​ price? What percent of the purchase price would a ​$70,000 down payment​ be?

Answer 1

Answer: 35%

Explanation:

Percent of down payment

= 70,000 / 200,000 * 100

= 0.35 * 100

= 35%

$70,000 is 35% of the purchase price of $200,000.