My question is: Nelly is very pleased with the painting she bought at the auction. She tells her daughter that she outbid her rival Joe by paying $2000 more than thrice his bid. If Joe's bid was $160,000, at how much did Nelly get the painting? Your thoughts:
Three times Joe's bid is 3 * 160000 = 480000 dollars. Since Nelly paid an additional $2000, she paid 2000 + 480000 = 482000 dollars. The final answer: 482000.