Investors buy a studio apartment for $240,000. Of this amount, they have a down payment of $48,000. Their down payment is what percent of the purchase price? what percent of the purchase price would a $96,000down payment be?

Question

Mathematics

Rosa Mendez

14 December, 19:35

Investors buy a studio apartment for $240,000. Of this amount, they have a down payment of $48,000. Their down payment is what percent of the purchase price? what percent of the purchase price would a $96,000down payment be?

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Answers (1)

Know the Answer?

Violet Griffin · Answer 1

The answers are 20% and 40%

Step-by-step explanation:

Cost price is $240,000

The percentage of $48000 will be

(48000/240000) * 100

= 20%

The percentage of $96000 will be

(96000/240000) * 100

= 40%