A family buys a studio apartment for $240,000. They pay a down payment of $60,000.
a. Their down payment is what percent of the purchase price?
b. What percent of the purchase price would a $96,000 down payment be?

Given the following questions:

$240000 for a studio apartment
$60000 as a down payment.

In order to find the answer, we use the formula to calculate the percentage for the total cost of the studio apartment and the down payment.

Part A:
[tex]\frac{c\times n}{100}[/tex]
[tex]\frac{25\times240000}{100} =25\times240000=60000[/tex]
[tex]=60000[/tex]

Part B:
[tex]\frac{c\times n}{100}[/tex]
[tex]\frac{40\times240000}{100} =40\times240000=9600000\div100=96000[/tex]
[tex]=96000[/tex]

The percent of a down payment of $60,000 for a $240,000 studio apartment is "25%." While the percent of a $96,000 dollar down payment for a $240,000 studio apartment is "40%."

Hope this helps.

A family buys a studio apartment for $240,000. They pay a down payment of $60,000. a. Their down payment is what percent of the purchase price? b. What percent of the purchase price would a $96,000 down payment be?

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A family buys a studio apartment for $240,000. They pay a down payment of $60,000.
a. Their down payment is what percent of the purchase price?
b. What percent of the purchase price would a $96,000 down payment be?