Question

Investors buy a studio apartment for $180,000 . Of this​ amount, they have a down payment of $36,000. Their down payment is what percent of the purchase​ price? What percent of the purchase price would a ​$9,000 down payment​ be?

Answer 1

20%

5%

Explanation:

Price of a studio apartment = $180,000

Down payment = $36,000

Their down payment is what percent of the purchase​ price?

= Down payment / Price of a studio apartment × 100

= $36,000 / $180,000 × 100

= 0.2 × 100

= 20%

What percent of the purchase price would a ​$9,000 down payment​ be?

= Down payment / Price of a studio apartment × 100

= $9,000 / $180,000 × 100

= 0.05 × 100

= 5%

Answer 2

Explanation:

From the question, we are informed that investors buy a studio apartment for $180,000 and that they have a down payment of $36,000. The percentage of the down payment on the purchase price will be:

= 36000/180000 × 100

= 1/5 × 100

= 20%

What percent of the purchase price would a ​$9,000 down payment​ be?

This will be:

= (9000 / 180000) × 100

= 0.05 × 100

= 5%