Question

Lenny wants to purchase a car costing $32,000. He will finance the car with an installment loan from the bank, but he would like to finance no more than $25,390. His down payment should be ___% of the total cost of the car.

Answer 1

80 %

Explanation:

FRACTIONS

X/100 = 25,390/32,000

CROSS MULTIPLICATION

X * 32,000 = 32,000X

25,390*100 = 2,539,000

DIVIDE

2,539,000/32,000 = 32000X/32000- CANCEL

X = 79.34375 % Round - X = 80%