The bank has accepted Mrs. Hudson's application for a mortgage to buy property worth $375,575. She has to pay 19 percent of the purchase price in cash before closing the deal.
A. $302,415.75
B. $304,215.75
C. $340,215.75

Question

The bank has accepted Mrs. Hudson's application for a mortgage to buy property worth $375,575. She has to pay 19 percent of the purchase price in cash before closing the deal.
A. $302,415.75
B. $304,215.75
C. $340,215.75

amistre64 · Answer

given an amount A,  1% is determined by simply dividing it by 100

A/100 = 1%  , you want to know what 19 of those are, so multiply it by 19

19 * A/100 = ?

anonymous · Answer

a, b, or c

amistre64 · Answer

if you do not want to participate in the solution process, i would advice you to look on a difference site.  this is NOT a free answering service that we are providing.

anonymous · Answer

for one i am not good with %

amistre64 · Answer

i explained in some rather simplistic terms how to approach this.

if you do not understand what i have posted, feel free to ask questions about it that i can clarify

anonymous · Answer

ok

amistre64 · Answer

given an amount A;  what amount do they give you to work with?

anonymous · Answer

$375,575

amistre64 · Answer

good, its easy to find 1% of that, 1% is dividing by 100:

what is:  375,575/100  ?

anonymous · Answer

3755.75

amistre64 · Answer

that tells us that 1% is equal to 3755.75

we want 19 of those in order to determine 19% ...

what is 19 * 3755.75  ?

anonymous · Answer

71359.25

amistre64 · Answer

then that is how much she has to pay for a downpayment

part of your question is missing; the options are for how much the loan would be after the downpayment is made

amistre64 · Answer

so subtract that 19%  from the original amount

anonymous · Answer

375574.81

amistre64 · Answer

375575
-  71359.25
------------
  304215.75

anonymous · Answer

think you

amistre64 · Answer

yw