Question

Maya is buying a business priced at $473,000. If she needs an 28.5% cash down payment, how much
is the down payment?
$106,617.40
O $111,905.56
O $134,805.00
$60,174.00

Answer 1

9514 1404 393

Answer:

  (c)  $134,805.00

Step-by-step explanation:

You can estimate the answer as being more than 1/4 of the price, which is nearly $480,000. 1/4 of that amount is $120,000. The only answer choice slightly above $120,000 is the correct answer: $134,805.

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Or, you can figure it exactly by computing ...

  28.5% × $473,000 = 0.285 × $473,000 = $134,805