Question

If the selling price of a home is $464,700 with a 25% down payment, what is the amount of the down payment?% ? $115,175$115,750$116,175$117,275None of these choices are correct.

Answer 1

It is given that the selling price of the house is $464700 with a 25% down payment.

So the down payment will be 25% of $464700 which is calculated as below:

`D=464700*(25)/(100)=116175`

Hence the down payment is $116175

Optio C is correct.