Question

A family buys a studio apartment for $180,000. They pay a down payment of $54,000.

a. Their down payment is what percent of the purchase​ price?
b. What percent of the purchase price would a ​$81,000 down payment​ be?

Answer 1

a) 30%

b)45%

Explanation:

a) To find the percentage of down payment, divide the downpayment by price of the apartment and then multiply by 100.

`\sf Down \ payment \ percentage = (down \ payment )/(purchase \ price)*100`

`\sf = (54,000)/(180,000)*100\\\\\\= 30 \%`

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b)

`\sf Down \ payment = (81,000)/(180,000)*100\\\\\\= 45 \%`