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The Washingtons buy a studio apartment for $240,000. They pay a down payment of $60,000. (Answer the next two questions.) 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?

Respuesta :

Answer:

A. [tex]25%[/tex]  [tex]percent[/tex]

B. [tex]5%[/tex]  [tex]percent[/tex]

Step-by-step explanation:

A. :

To find the down payment for the purchase price is just dividing the down payment by the original price,

[tex]60,000 / 240,000[/tex]

[tex].25[/tex]

Convert to a percent:

[tex]25[/tex]  [tex]percent[/tex]

B. :

This would be the same:

[tex]12,000 / 240,000[/tex]

[tex]0.05[/tex]

Convert to a percent:

[tex]5[/tex]  [tex]percent[/tex]

abiolataiwo2015

A) Their down payment of the purchase price is 25%.

B) The percent of the purchase price 5%.

Down payment

a. Down payment:

Down payment=60,000/240,000×100

Down payment=25%

b. Down payment:

Down payment=12,000/240,000×100

Down payment=5%

Inconclusion their down payment of the purchase price is 25% and the percent of the purchase price 5%.

Learn more about down payment here:https://brainly.com/question/12233464

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