Answer:
the price paid is £288,000
Step-by-step explanation:
The computation of the price paid is shown below:
Sale of the another house is £283,392
Since the another house would be 1.6% less than the price paid
So, the price paid would be
= £283,392 × 100 ÷ (100 - 1.6%)
= £283,392 × 100 ÷ 98.4
= £288,000
Hence, the price paid is £288,000
