The discount points are 3% which represents $2,700. the buyer down payment is 20%. what is the purchase price of the property? ( show all steps)

The purchase price of the property is $112,500.

Step-by-step explanation:

Let the original value of property be 'x'.

Discount rate = 3%

Amount of discount = $2700

According to question, it becomes,

Rate of down payment = 20%

So, Remaining rate of payment = 100-20 = 80%

So, Purchase price of the property would be

Hence, the purchase price of the property is $112,500.

14

step-by-step explanation:

14 x 3 = 42