On a building purchased for 85,000 with 10% down, what is the down payment?

Prepare for the Real Estate Math Exam with our comprehensive study materials. Use interactive quizzes and detailed explanations to master the math skills needed in real estate. Be exam-ready today!

Multiple Choice

On a building purchased for 85,000 with 10% down, what is the down payment?

Explanation:
When the down payment is 10%, multiply the purchase price by 0.10. 85,000 × 0.10 = 8,500. So the down payment is 8,500. The other amounts would reflect different down percentages (not 10%).

When the down payment is 10%, multiply the purchase price by 0.10.

85,000 × 0.10 = 8,500.

So the down payment is 8,500. The other amounts would reflect different down percentages (not 10%).

More Multiple Choice Questions
Subscribe

Get the latest from Passetra

You can unsubscribe at any time. Read our privacy policy