Answer:
Current price of house = $222,000
Explanation:
given data
property that sold = $275,000
values decreasing at rate = $2,000 per week
Each bedroom = $30,000
a bathroom = $15,000
solution
we get here Price of 3 bedroom & 3 bathroom house (4 weeks ago) is
Price of 3 bedroom & 3 bathroom house (4 weeks ago) = $275,000 - $30,000 - $15,000
Price of 3 bedroom & 3 bathroom house (4 weeks ago) = $230000
and
reduction in price at $2000 per week for 4 weeks= 4 × 2000
reduction in price at $2000 per week for 4 weeks = ($8,000)
so
Current price of house = $230000 - $8,000
Current price of house = $222,000
