Investors buy a studio apartment for $240,000. 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 $12,000 down payment be?

Step-by-step explanation:

Given that

Price of studio apartment = P = $240000

Down payment =d = $36000

Down payment is the amount that is initially given at the time of buying something.

Part A: For down payment of $36000

We will simply divide the down payment by total price.

Converting into percentage, multiplying by 100

Part B: For down payment of $12000

We will simply divide the down payment by total price.

Converting into percentage, multiplying by 100

Hence,

34

step-by-step explanation: