Question

How much is a 15-percent down payment on a purchase price of $205,000?

Answer 1

`$30750`

Explanation:

`($205,000)/(100%) xx 15%`

`= $30750` is `15%` of `$205,000`
When you subtract that from the original price

`= $205,000 - $30750=?`

you get `$174250`