Answer:
The Smith Family paid $50, 820 as down payment.
Step-by-step explanation:
Total purchase price the Smith Family Paid = $231,000
Percentage of the amount paid in Down Payment = 22%
This means 22% of the total purchase price was paid in down payment.
The formula to calculate percentage in this case will be:
Percentage Price = (Amount Paid in Down Payment/Total Price) x 100%
Using the values, we get:
22% = (Amount Paid in Down Payment) / 231,000 x 100%
0.22 = (Amount Paid in Down Payment) / 231,000
Amount Paid in Down Payment = 0.22 x 231000 = $50, 820
This means, The Smith Family paid $50, 820 as down payment.
Hope this answer helps you :)
Have a great day
Mark brainliest
