contestada

family buys a studio apartment for $120,000. They pay a down payment of $18,000.a. Their down payment is what percent of the purchase price? b. What percent of the purchase price would a $6,000 down payment be?a. The down payment is 1515% of the purchase price. (Type a whole number.) b. A $6,000 down payment would be nothing% of the purchase price.

family buys a studio apartment for 120000 They pay a down payment of 18000a Their down payment is what percent of the purchase price b What percent of the purc class=

Respuesta :

A) Down payment = $ 18,000

Full Cost = $120,000

% of down payment can be calculated thus:

[tex]\begin{gathered} \frac{down\text{ payment}}{Full\text{ Cost}}\times100\text{ percent} \\ \frac{18000}{120000}\times100=15\text{ percent} \end{gathered}[/tex]

Answer = 15%

B) Here, we are required to find out what percent of the whole payment will a down payment of $6,000

It is given as:

[tex]\frac{6000}{120000}\times100=5\text{ percent}[/tex]

Answer = 5%

Otras preguntas