Another house is sold for £283,392 This is 1.6% less than the price paid for the house. What was the price paid?

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