Answer :
Total purchase price the Smith Family Paid = $231,000
Percentage of the amount paid in Down Payment = 22%
This means 22% of the total purchase price was paid in down payment.
The formula to calculate percentage in this case will be:
Percentage Price = (Amount Paid in Down Payment/Total Price) x 100%
Using the values, we get:
22% = (Amount Paid in Down Payment) / 231,000 x 100%
0.22 = (Amount Paid in Down Payment) / 231,000
Amount Paid in Down Payment = 0.22 x 231000 = $50, 820
This means, The Smith Family paid $50, 820 as down payment.
Percentage of the amount paid in Down Payment = 22%
This means 22% of the total purchase price was paid in down payment.
The formula to calculate percentage in this case will be:
Percentage Price = (Amount Paid in Down Payment/Total Price) x 100%
Using the values, we get:
22% = (Amount Paid in Down Payment) / 231,000 x 100%
0.22 = (Amount Paid in Down Payment) / 231,000
Amount Paid in Down Payment = 0.22 x 231000 = $50, 820
This means, The Smith Family paid $50, 820 as down payment.
Answer:
The Smith family paid $50,820 as a down payment for home.
Step-by-step explanation:
The Smith family paid 22% of the purchase price of a $231,000 home as a down payment.
Price of home = $231,000
down payment = 22% of 231,000 (purchase price)
We have to calculate the 22% of 231,000
= [tex]\frac{22}{100}[/tex] × 231,000
= 0.22 × 231,000 = $50,820
The Smith family paid $50,820 as a down payment for home.