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27 November, 11:03

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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  1. 27 November, 13:53
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    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%
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