Kim was eager to get on the property ladder, and after saving diligently, she managed to buy a flat last year.
The value of the flat has already increased by 8% and it is now worth £94,500.
Calculate how much Kim paid for the flat.
Answer:
94,500 is 108% of the original price
Therefore, if you divide 94,500 by 108 you get 1% of the original price
1% = 875
Multiply it by 100 to find 100%
100% = £87,500