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Investors buy a studio apartment for $240,000.Of this amount, they have a down payment of $48,000. Their down payment is what percent of the purchase price?what percent of the purchase price would a $96,000down payment be?

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Answer:

The answers are 20% and 40%

Step-by-step explanation:

Cost price is $240,000

The percentage of $48000 will be

(48000/240000) × 100

= 20%

The percentage of $96000 will be

(96000/240000) ×100

= 40%

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