Investors buy a studio apartment for 240,000 dollars. of this amount, they have a down payment of 24.00 dollars. their down payment is what percent of the purchase price? what percent of the purchase price would a 12.00 dollar down payment be?

Answer :

The percent of the purchase price is, 0.01 %

The percent of the purchase price is, 0.005 %

Step-by-step explanation:

For part 1 :

Given:

Total amount = $240,000

Amount of down payment = $24.00

Formula used to calculate the percent of the purchase price.

Thus, the percent of the purchase price is, 0.01 %

For part 2 :

Given:

Total amount = $240,000

Amount of down payment = $12.00

Formula used to calculate the percent of the purchase price.

Thus, the percent of the purchase price is, 0.005 %

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step-by-step explanation: