Final answer:
Greg paid $59,246.25 for his 25% share of the lake house with the total purchase price being $236,985.
Step-by-step explanation:
The question is asking how much Greg paid for his portion of the lake house that he and his siblings purchased. To find Greg's contribution, we calculate 25% of the total purchase price of $236,985.
To determine 25% of a number, you can multiply the number by 0.25 or divide it by 4. So, let's do the math:
$236,985 × 0.25 = $59,246.25
Therefore, Greg paid $59,246.25 for his share of the lake house.
To find out how much Greg paid, we can multiply the total purchase price of $236,985 by the percentage he paid, which is 25%.
25% of $236,985 can be calculated as: $236,985 * 0.25 = $59,246.25.
Therefore, Greg paid $59,246.25 for the lake house.