Question

A family buys a studio apartment for 150,000. They pay a down payment of $22,500.

a. Their down payment is what percent of the purchase​ price?
b. What percent of the purchase price would a ​$60,000 down payment​ be?

Answer 1

a. The down payment is 15% of the purchased price

b. A $60,000 down payment would be 40% of the purchase price

Answer 2

15% and 40%

Explanation:

22500/150000 is 15/100 or 15%

60000/150000 is 40/100 or 40%