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)
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