Answer:
£ 537.63
Step-by-step explanation:
original price = 100%
selling price = 100% - 7% = 93% = £500
just do the proportion or ratio
[tex] \frac{100\%}{93\%} = \frac{original \: price}{500} [/tex]
OP = 500 x 100% / 93%
OP = £ 537.634
rounded to the nearest penny and become £ 537.63