Investors buy a studio apartment for $150000. Of this amount, they have a down payment of $30000. Their down payment is what percent of the purchase price? What percent of the purchase price would a $60000 down payment be?

This down payment is just a sum of money paid by a buyer at the beginning of the process of purchasing a costly commodity or service.
The down payment is a percentage of the entire purchase price, and or the buyer will usually take out a loan to cover the remaining.

For the question-

Thus,

Let the percent be x%.

Then,

x% of $150000 = $30000

150000 x / 100 = 30000

x = 30000 / 1500

x = 20 %

Thus, the payment $30000 is 20% percent of the purchase price.

For the amount of $60000.

x% of $150000 = $60000

150000 x / 100 = 60000

x = 60000 / 1500

x = 40 %

Thus, the payment $60000 is 40% percent of the purchase price.

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Investors buy a studio apartment for $150000. Of this​ amount, they have a down payment of $30000. Their down payment is what percent of the purchase​ price? What percent of the purchase price would a ​$60000 down payment​ be?