Answer:
Step-by-step 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%
Answer:
20%
5%
Step-by-step 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%
