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

Study for the Real Estate Math Exam. Practice with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

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%).

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