The down payment for the lot you buy is $20,000. If you have only $7300, what percent of the down payment do you still need?
Down payment you need = $20,000 - $7300 = $12700
Percentage down payment you need = (Down payment you need)/ (The total down payment) x 100
= 12700/20000 x 100
= 63.5 percent.
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