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The price of rice falls by 20%. How much rice can be bought now with the money that was sufficient to buy 20 kg of rice previously?
Answer & Solution
Correct Answer:
Option
C
Let Rs. 100 be spend on rice initially for 20 kg.
As the price falls by 20%, new price for 20 kg rice,= (100 - 20% of 100) = 80
New price of rice = $$\frac{{80}}{{20}}$$ = Rs. 4 per kg.
Rice can bought now at = $$\frac{{100}}{{4}}$$ = 25 kg.
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Login20kg * (100/80) = 25 current quantity