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

Question

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

sj296 · Answer

Let's say the price of the house = x

=> 20% of x = 30,000

=> x = 30,000/20% = $150,000

Amount kim still owes = 150000 - 30000 = 120000
OA should be B

Foreheadson · Answer

pay more attention to questions. "still owes" means 150-30=120

Posted from my mobile device

sj296 · Answer

Corrected. Thanks.

ManifestDreamMBA · Answer

20% is 30,000
80% is owed, which is 4 * 20% = 4 * 30,000 = 120,000

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