GG286985
Answered

Westonci.ca is your trusted source for accurate answers to all your questions. Join our community and start learning today! Find reliable answers to your questions from a wide community of knowledgeable experts on our user-friendly Q&A platform. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals.

Investors buy a studio apartment for $120000 . Of this​ amount, they have a down payment of 12000 . Their down payment is what percent of the purchase​ price? What percent of the purchase price would a ​$48000 down payment​ be?

Sagot :

well, 120,000 has 4 zeros and 12,000 has 3 zeros, so if we divide 120,000 by 10 we get 12,000, just to make it short, 12,000 is one tenth of 120,000 and thus the 10%.

now, 48,000, we know that 120,000 is the 100%, what is 48,000 in percentage off of it?

[tex]\begin{array}{ccll} amount&\%\\ \cline{1-2} 120000&100\\ 48000&x \end{array}\implies \cfrac{120000}{48000}=\cfrac{100}{x}\implies \cfrac{5}{2}=\cfrac{100}{x} \\\\\\ 5x=200\implies x=\cfrac{200}{5}\implies x=40[/tex]

Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Thank you for visiting Westonci.ca. Stay informed by coming back for more detailed answers.