By the time a man decided to buy a house, the cost had inflated by around 8% to £182,000. What was the approximate price before inflation?

Correct answer:

a =  168518.5

Step-by-step explanation:

b=182000 r=100%+8%=1+1008=1.08  r a=b a=b/r=182000/1.08=168518.5

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