Investors buy a studio apartment for $ 150 comma 000. Of this amount, they have a down payment of $ 37 comma 500. Their down payment is what percent of the purchase price? What percent of the purchase price would anothing $67 comma 500 down payment be?

Question

Tamara Jefferson

Mathematics

31 May, 02:51

Investors buy a studio apartment for $ 150 comma 000. Of this amount, they have a down payment of $ 37 comma 500. Their down payment is what percent of the purchase price? What percent of the purchase price would anothing $67 comma 500 down payment be?

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Answers (1)

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Yosef Mclaughlin · Answer 1

First down payment is 25 % of purchase price

Second down payment is 45% of purchase price.

Step-by-step explanation:

Purchase price = $150,000

First down payment is $37,500

Percentage = 37500/150000

0.25 * 100 = 25%

Second down payment is $67,500

Percentage = 67500/150000

0.45 * 100 = 45%