The original prize of the computer is £537.63.
The given parameters:
- Final prize of the computer, y = £500
- Percentage decrease in prize, = 7% = 0.07
Original prize of the computer
The original prize of the computer is calculated as follows;
Let the original prize of the computer = x
y = x(1 - 0.07)
500 = x(1 - 0.07)
500 = 0.93x
divide both sides by 0.93
[tex]x = \frac{500}{0.93} \\\\x = 537.63[/tex]
Thus, the original prize of the computer is £537.63.
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