Question 55

The price of rice has increased by 60%. In order to restore the original price, the new price must be reduced by

Solution

Let the original price of rice = Rs. $$100$$

If the price is increased by 60%, => New price = $$\frac{100 + 60}{100} \times 100 = Rs. 160$$

To restore to its original value the new price must be reduced by = $$\frac{160 - 100}{160} \times 100$$

= $$\frac{6 \times 25}{4}=37\frac{1}{2}\%$$

=> Ans - (B)

Share on Whatsapp Share on Whatsapp

Create a FREE account and get: