Question

Investors buy a studio apartment for $200,000 of this amount they have a down payment of $50,000 their down payment is what percent of the purchase price what percent of the purchase price would a $70,000 down payment be their down payment is what percent of the purchase price

Answer 1

To calculate the down payment as a percentage of the purchase price, divide the down payment amount by the purchase price and multiply by 100. A $50,000 down payment is 25% of a $200,000 purchase price. A $70,000 down payment would be 35% of the purchase price. A $20,000 down payment would be 10% of the purchase price.

Step-by-step explanation:

To calculate the down payment as a percentage of the purchase price, you divide the amount of the down payment by the purchase price and multiply by 100. In this case, the down payment is $50,000 and the purchase price is $200,000. So, the down payment as a percentage of the purchase price is:

($50,000 / $200,000) * 100 = 25%

To find out what percentage a $70,000 down payment would be of the purchase price, you can use the same formula. Assuming the purchase price remains the same:

($70,000 / $200,000) * 100 = 35%

Similarly, to calculate the percentage of the purchase price that a down payment of $20,000 would be:

($20,000 / $200,000) * 100 = 10%