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The Washington's by a studio apartment for 240,000 they pay a down payment of 60000 their down payment is what percent of the purchase price

User Gezzamondo
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1 Answer

2 votes

Answer:

25%

Explanation:

Given:

The price of the studio apartment = 240,000

Down payment = 60,000

We need to find the percentage of down payment.

Solution:

Using percentage formula.


Percentage = ((Value)/(Total\ value))* 100

Here value = Down payment

Total value = Price of the apartment

Now we substitute Down payment and Price of the apartment in above formula.


Percentage = ((60000)/(240000))* 100


Percentage = (6* 100)/(24)


Percentage = (600)/(24)


Percentage = 25\%

Therefore, Down payment is 25% of the purchase price.

User Jeson
by
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