Question

Investors buy a studio apartment for $180,000. Of this​ amount, they have a down payment of $54,000. Their down payment is what percent of the purchase​ price? What percent of the purchase price would a ​$72,000 down payment​ be?

Answer 1

$54,000 is 30% of $180,000 and $72,000 is 40% of $180,000.

Explanation:

Given:

Investors buy a studio apartment for $180,000.

Of this​ amount, they have a down payment of $54,000.

Now, to find the down payment is what percent of the purchase​ price, and $72,000 down payment is what percent of purchase price.

Purchase price = $180,000.

Down payment = $54,000.

So, to get the percent:

`(54000)/(180000) * 100`

`=0.3* 100`

`=30\%.`

So, $54,000 is 30% of $180,000.

Now, to get the percent of $72,000 down payment:

`(72000)/(180000) * 100`

`=0.4* 100`

`=40\%.`

So, $72,000 is 40% of $180,000.

Therefore, $54,000 is 30% of $180,000 and $72,000 is 40% of $180,000.