Question

The price of a computer was decreased by 7% to £500. What was the price before the decrease? Give your answer to the nearest penny.

Answer 1

£537.63

Explanation:

Let the original price of the computer be x.

The price of a computer was decreased by 7% to £500. This implies that:

x - 7/100 * x = 500

x - 0.07x = 500

0.93x = 500

x = 500/0.93 = £537.63

The price before the decrease was £537.63.