Question

investors buy a studio apartment for $240,000 . Of this​ amount, they have a down payment of 60,000. Their down payment is what percent of the purchase​ price? What percent of the purchase price would a ​$108,000 down payment​ be?

Answer 1

25%

bc its 1/4 = 0.25 of the purchase price.

the other percentage is 45

108/240 = 54/120 = 18/40 = 4.5/10 = 45/100