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A man spent 15/16 of his fortune buying a car for $7,500. How much money did he originally possess? So for this would I divide 7500 by 15 then add that answer to the 7500?

Mathematics
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(7500/15)x16=$8,000
I just needed the setup, thank you very much for helping :)
Divide 15/16 and you will find the percentage.

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