Investors buy a studio apartment for $150,000. Of this amount, they have a down payment of $22,500. Their down payment is what percent of the purchase price? What percent of the purchase price would a $67,500 down payment be?

Question

Mathematics

Jose Rollins

23 December, 04:48

Investors buy a studio apartment for $150,000. Of this amount, they have a down payment of $22,500. Their down payment is what percent of the purchase price? What percent of the purchase price would a $67,500 down payment be?

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Answers (1)

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Charlotte Cummings · Answer 1

(N stands for the number) So we do a simple problem:

$150,000 - N% = $67,500

$150,000 - 45% = $67,500

$67,500 is 45% of $150,000

Down payment answer:

$150,000 - N% = $22,500

$150,000 - 15% = 22,500

$22,500 is 15% of $150,000