Question

If the price of wheat is increased by 20% today, at what percent should it be
decreased tomorrow, so as to bring down the price back to its original?
​

Answer 1

let the original price be 100.

so today the new price becomes 100 +20=120.

now tomorrow the price should reduce by 20rs to being it down to original price.

so 20 is what amount of %for 120?

(20÷120)×100= 16.67%

therefore the price has to be reduced by 16.67% to bring it back to original.

Answer 2

Answer:

The answer is 16.66%                                  

Given problem:

If the price of wheat is increased by 20% today, at what percent should it be decreased tomorrow, so as to bring down the price back to its original?

​Step-by-step explanation:

Let's consider that the original price of the wheat is 100 Rs

the price of wheat is increased by 20%

the increased price of wheat = 100+20 = 120 Rs.

To bring down the price back to its original price we need to decrease 20 Rs in 120 Rs.  

the percentage of 20 in 120  = $\frac{20}{120} (100)$ = 16.66%