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12 August, 18:41

Investors buy a studio apartment for $240,000. Of this amount, they have a down payment of $48,000. Their down payment is what percent of the purchase price? what percent of the purchase price would a $96,000down payment be?

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  1. 12 August, 19:08
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    The answers are 20% and 40%

    Step-by-step explanation:

    Cost price is $240,000

    The percentage of $48000 will be

    (48000/240000) * 100

    = 20%

    The percentage of $96000 will be

    (96000/240000) * 100

    = 40%
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