Ruby obtained a loan of $90,000 towards the purchase of her new home. If the loan was 75% of the purchase price, how much did she pay for the home? O $125,000 (Dollars) O $115,000 (Dollars) O $145,000 (Dollars) O $120.000 (Dollars)

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
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Ruby obtained a loan of $90,000 towards the
purchase of her new home. If the loan was 75%
of the purchase price, how much did she pay for
the home?
O $125,000 (Dollars)
O $115,000 (Dollars)
O $145,000 (Dollars)
O $120.000 (Dollars)
Transcribed Image Text:Ruby obtained a loan of $90,000 towards the purchase of her new home. If the loan was 75% of the purchase price, how much did she pay for the home? O $125,000 (Dollars) O $115,000 (Dollars) O $145,000 (Dollars) O $120.000 (Dollars)
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