Answer:
He paid 5,000 for the old home, which was the original price of it.
And he paid 15,000 for the new home.
Step-by-step explanation
Twice the selling price of his old one, the selling price was 7,000
7,000 * 2 = 14000.
14000 + 1000 = 15000.
15,000 is three times more than he originally paid for his old home.
n Purchased a new one for 1,000 more than twice the selling price.