Resourcesdown chevron
Testimonials
Plans
Sign in
Sign up
Resourcesright arrow
Testimonials
Plans
Bytelearn - cat image with glassesAI tutor

Welcome to Bytelearn!

Let’s check out your problem:

Isaiah wants to buy a home for $670,000, but can only get a loan from the bank for $549,400. What percentage does Isaiah have to put down in order to pay for the home? Answer:

Isaiah wants to buy a home for $670,000 \$ 670,000 , but can only get a loan from the bank for $549,400 \$ 549,400 . What percentage does Isaiah have to put down in order to pay for the home?\newlineAnswer:

View step-by-step helpView step-by-step help
Homeright chevron icon
Math Problemsright chevron icon
Grade 7right chevron icon
Find the percent: tax, discount, and moreright chevron icon

Full solution

Q. Isaiah wants to buy a home for $670,000 \$ 670,000 , but can only get a loan from the bank for $549,400 \$ 549,400 . What percentage does Isaiah have to put down in order to pay for the home?\newlineAnswer:
  1. Calculate Total Price: Determine the total price of the home and the amount Isaiah can get from the bank.\newlineTotal home price: $670,000\$670,000\newlineLoan amount: $549,400\$549,400\newlineWhat is the down payment Isaiah needs to make?\newlineDown payment = Total home price - Loan amount\newline= $670,000\$670,000 - $549,400\$549,400
  2. Calculate Down Payment: Calculate the down payment.\newlineDown payment = $670,000−$549,400\$670,000 - \$549,400\newline= $120,600\$120,600
  3. Calculate Down Payment Percentage: Calculate the percentage of the down payment relative to the total home price. \newlineDown payment percentage = (Down payment/Total home price)×100(\text{Down payment} / \text{Total home price}) \times 100 \newline= ($120,600/$670,000)×100(\$120,600 / \$670,000) \times 100
  4. Perform Calculation: Perform the calculation to find the down payment percentage.\newlineDown payment percentage = ($120,600/$670,000)∗100(\$120,600 / \$670,000) * 100\newline= 0.18∗1000.18 * 100\newline= 18%18\%

More problems from Find the percent: tax, discount, and more

Question
Johnny bought an oil painting originally priced at $80 but on sale for 5050% off. After 1010% sales tax, what was the total cost?\newline`$`____
Get tutor helpright-arrow

Posted 1 month ago

Question
It costs `$40` to buy 44 ironing boards. If the ironing boards all have the same price, how much does it cost to buy 11 ironing board? ` $`_____
Get tutor helpright-arrow

Posted 1 month ago

Question
Whitney buys a lamp online for $93\$93. If shipping and handling are an additional 10%10\% of the price, how much shipping and handling will Whitney pay? \newline $\$ _____\_\_\_\_\_
Get tutor helpright-arrow

Posted 2 months ago

Question
A 99-foot roll of plastic wrap costs $5.40\$5.40. What is the price per inch? \newline $\$ _____
Get tutor helpright-arrow

Posted 1 month ago

Question
A store purchased canoes for $300\$300 and sold them for $435\$435. What percentage is the mark-up? \newlineWrite your answer using a percent sign (%\%). \newline _____
Get tutor helpright-arrow

Posted 1 month ago

Question
A ceramic vase was originally priced at $100\$100 but went on sale for 50%50\% off. If Ernesto bought the ceramic vase and paid 12%12\% sales tax, how much did he pay in total? \newline $\$ ____
Get tutor helpright-arrow

Posted 1 month ago

Question
A 1212-foot roll of aluminum foil costs $7.20\$7.20. What is the price per inch?
Get tutor helpright-arrow

Posted 3 months ago

Question
A 1515-foot roll of paper towel costs $9.75\$9.75. What is the price per inch?
Get tutor helpright-arrow

Posted 1 month ago

Question
A 2020-foot roll of ribbon costs $8.00\$8.00. What is the price per inch?
Get tutor helpright-arrow

Posted 3 months ago

Question
A 66-foot roll of fabric costs $4.50\$4.50. What is the price per inch? \newline $\$ ______
Get tutor helpright-arrow

Posted 1 month ago

View all (46)