the price of rice is increased by 60% in order to restore to the original,the new price must be reduced by?
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Solution
Let original price of a unit = Rs. 100
Increased price = Rs. 160
Reduction on Rs. 160 = Rs. 60
Reduction on Rs. 100 = 60/160 * 100 = 37.5 %
75/2 %
Let original price of a unit = Rs. 100
Increased price = Rs. 160
Reduction on Rs. 160 = Rs. 60
Reduction on Rs. 100 = 60/160 * 100 = 37.5 %
75/2 %
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