Question

Investors buy a studio apartment for $240,000. Of this amount, they have a down payment of

$24,000. Their down payment is what percent of the purchase price? What percent of the purchase
price would a $96,000 down payment be?
Their down payment is % of the purchase price.
(Type a whole number.)

Answer 1

For the first question, the answer is 10%. 24000 is 10% of 240000.

For the second question, the answer is 40%. 96000 is 40% o f 24000

Let me know if this helps!