Question

Investors buy a studio apartment for $150,000. Of this​ amount, they have a down payment of $37,500.

a. Their odwn payment is what percent of the purchase price?
b. what percent of the purchase price would a 67,500 down payment be?


a. The down payment is __?__% of the purchase price.
(Type a whole number.)

b. A 67,500 down payment would be __?__% of the purchase price.
(Type a whole number.)

Answer 1

Divide the down payment by the purchase price then multiply by 100 to get the percent.

A. 37,500 / 150,000 = 0.25

0.25 x 100 = 25%

B. 67,500/150,000 = 0.45

0.45 x 100 = 45%