A buyer’s loan amount is $225,000 on a $410,000 purchase price. How much was her down payment and what percent of the purchase price was it?
A. $185,000/55
B. $225,000/45
C. $225,000/55
D. $185,000/45
Answer:D
A buyer’s loan amount is $225,000 on a $410,000 purchase price. How much was her down payment and what percent of the purchase price was it?
A. $185,000/55 B. $225,000/45 C. $225,000/55 D. $185,000/45