Investors buy a studio apartment for $180,000 . 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 $9,000 down payment be?

Step-by-step explanation:

From the question, we are informed that investors buy a studio apartment for $180,000 and that they have a down payment of $36,000. The percentage of the down payment on the purchase price will be:

= 36000/180000 × 100

= 1/5 × 100

= 20%

What percent of the purchase price would a $9,000 down payment be?

This will be:

= (9000 / 180000) × 100

= 0.05 × 100

= 5%

20%

5%

Step-by-step explanation:

Price of a studio apartment = $180,000

Down payment = $36,000

Their down payment is what percent of the purchase price?

= Down payment / Price of a studio apartment × 100

= $36,000 / $180,000 × 100

= 0.2 × 100

= 20%

What percent of the purchase price would a $9,000 down payment be?

= Down payment / Price of a studio apartment × 100

= $9,000 / $180,000 × 100

= 0.05 × 100

= 5%

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