Question

Steve Mason purchased a storage shed for $3,074. He made a 40% down payment and financed the rest. What amount did he finance?

Answer 1

From the situation above, after Steve Mason made a 40% down payment for the purchased storage shed, he will only need to finance 60% of the price which is the remaining amount.
financed amount = (0.60)($3,074)
The answer to the question above is $1844.4.