Investors buy a studio apartment for $150,000. Of this amount, they have a down payment of $22,500. Their down payment is what percent of the purchase price? What percent of the purchase price would a $67,500 down payment be?
(N stands for the number)So we do a simple problem: $150,000 - N% = $67,500 $150,000 - 45% = $67,500 $67,500 is 45% of $150,000 Down payment answer: $150,000 - N% = $22,500 $150,000 - 15% = 22,500 $22,500 is 15% of $150,000
