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# If Kim makes a \$30,000 down payment on a house, which represents 20% o

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SVP
Status: Preparing GMAT
Joined: 02 Nov 2016
Posts: 1930
Location: Pakistan
GPA: 3.39
If Kim makes a \$30,000 down payment on a house, which represents 20% o  [#permalink]

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23 Mar 2017, 10:58
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Difficulty:

5% (low)

Question Stats:

92% (00:35) correct 8% (01:04) wrong based on 38 sessions

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If Kim makes a \$30,000 down payment on a house, which represents 20% of the sale price of the house, how much money does Kim still owe on the house?

A. \$90,000
B. \$120,000
C. \$140,000
D. \$150,000
E. \$170,000

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Re: If Kim makes a \$30,000 down payment on a house, which represents 20% o  [#permalink]

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23 Mar 2017, 11:14
1
If Kim makes a \$30,000 down payment on a house, which represents 20% of the sale price of the house, how much money does Kim still owe on the house?

A. \$90,000
B. \$120,000
C. \$140,000
D. \$150,000
E. \$170,000

let total price be X

30000=(20/100)*X

X=(30000*100)/20=1,50,000

Price of the house=150,000. Downpayment=30,000.Balance=total-downpayment=150,000-30,000=120,000.

B. is the correct choice.
Re: If Kim makes a \$30,000 down payment on a house, which represents 20% o &nbs [#permalink] 23 Mar 2017, 11:14
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# If Kim makes a \$30,000 down payment on a house, which represents 20% o

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