Question

The Washington’s buy a studio apartment for 240,000.They pay a down payment of 60,000 A.Their down payment is what percent of the purchase price?

B.What percent of the purchase price would a 12,000 down payment be?

Answer 1

A) 25% or 1/4

B) 5% or 1/20

Explanation:

Part A)

Divide the down payment by the total purchase price to find the percent:

`60,000/240,000=1/4=0.25`

Part B)

Divide the new down payment by the total purchase price to find the percent:

`12,000/240,000=1/20=0.05`