Real Estate Math
A Kentucky buyer puts $15,000 down on a $150,000 home. What is the down payment percentage?
A8%
B9%
C10%✓ Correct
D12%
Explanation
Down payment % = $15,000 ÷ $150,000 = 10%. Using the values given ($15,000, $150,000), apply the appropriate formula.. The correct answer is 10%.. This is a common calculation on the Kentucky real estate exam.
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