Question

According to Coldwell Banker Real Estate Corporation, a home selling for $189,000 in Austin, Texas, would sell for $437,850 in Denver, Colorado. How much would a $350,000 home in Denver sell for in Austin? Round to the nearest $1000.

Answer 1

If prices are proportional,
.. 350/437.85 = x/189 . . . . prices in thousands
.. x = 189*350/437.85 ≈ 151

The home would sell for $151,000 in Austin.