Question

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

Answer 1

The first part of the answer would be 25%. The second part would be 45%

Answer 2

First down payment is 25 % of purchase price

Second down payment is 45% of purchase price.

Explanation:

Purchase price = $150,000

First down payment is $37,500

Percentage = 37500/150000

0.25 * 100 = 25%

Second down payment is $67,500

Percentage = 67500/150000

0.45 * 100 = 45%