Investors buy a studio apartment for $150,000. Of this amount, they have a down payment of $37,500. Their down payment is what percent of the purchase price? What percent of the purchase price would a $7,500 down payment be?

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03-12-2021
Mathematics

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Investors buy a studio apartment for $150,000. Of this amount, they have a down payment of $37,500. Their down payment is what percent of the purchase price? What percent of the purchase price would a $7,500 down payment be?

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