A person spends $560,000 on a total of 3 properties. the first property's value is the sum of the other two properties. the second property is three times the value of the third property. how much does each property cost?

3 units + 1 unit = 4 units (the sum of 2nd and 3rd)

4 units + 4 units = 8 units (sum of all properties)

*The other 4 units comes from the first property as the first property's value is the same as the sum of the 2nd and 3rd.*

8 units = $560 000

1 unit = $560 000:8 = $70 000 (3rd)

3 units = 3x$70 000 = $210 000 (2nd)

$210 000 + $70 000=$280 000 (1st)

Ans:

1st property costs $280 000.

2nd property costs $210 000.

3rd property costs $70 000.