Investors buy a studio apartment for $ 120,000. Of this​ amount, they have a down payment of $ 36,000. Their down payment is what percent of the purchase​ price? What percent of the purchase price would ​a $42,000 down payment​ be?

Respuesta :

Answer:

[tex]\$ 36000\ down\ payment\ is=30\%\\\\\$ 42000\ down\ payment\ is=35\%[/tex]

Step-by-step explanation:

[tex]Purchase\ price=\$ 120000\\\\[/tex]

[tex]when\ down\ payment=\$ 36000\\\\percentage\ down\ payment=\frac{down\ payment}{total\ amount}\times 100\\\\percentage\ down\ payment=\frac{36000}{120000}\times 100\\\\percentage\ down\ payment=0.3\times 100=30\%[/tex]

[tex]when\ down\ payment=\$ 42000\\\\percentage\ down\ payment=\frac{down\ payment}{total\ amount}\times 100\\\\percentage\ down\ payment=\frac{42000}{120000}\times 100\\\\percentage\ down\ payment=0.35\times 100=35\%[/tex]