Realtors in a Florida community have found that the average price of a four bedroom house varies inversely with the distance that the house lies away from the beach. If, on average a four bedroom house located 2 miles from the beach cost $750,000, What is the average cost of house that lies 5 miles from the beach?

1 answer

pr = k(1/d)
when d = 2, pr = 750000
750000 = k(1/2)
k = 1500000
so pr = 150000(1/d)

if d = 5
pr = 150000(1/5)
= $300,000