Question

A family buys a studio apartment for $200,000. They pay a down payment of $20,000. a. Their down payment is what percent of the purchase​ price? b. What percent of the purchase price would a ​$90,000 down payment​ be?

Answer 1

A. 20,000 is 10% of 200,000, so the percentage of the purchase price is 10%.

B. 90,000 is 45% of 200,000, so the percentage of the 90,000 down payment is 45%.