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

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Solution

Let original price of a unit = Rs. 100
Increased price = Rs. 120
Reduction on Rs. 120 = Rs. 20
Reduction on Rs. 100 = 20/120 * 100 = 16.67 %
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If the price of rice is increased by 20 % today , at what percent should it be decreared tomorrow, so as to bring down the price back to the original

Let original price of a unit = Rs. 100 Increased price = Rs. 120 Reduction on Rs. 120 = Rs. 20 Reduction on Rs. 100 = 20/120 * 100 = 16.67 % 7

Let original price of a unit = Rs. 100
Increased price = Rs. 120
Reduction on Rs. 120 = Rs. 20
Reduction on Rs. 100 = 20/120 * 100 = 16.67 %
7