The price of rice has increased by 60%. In order to restore to the original price, the new price must be reduced by?

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Accepted Answer

Let original price = Rs. 100 ⇒ Increase price = Rs. 160 ⇒ Decrease on Rs. 160 = Rs. 60 ∴ Decrease on Rs. 100 = (60/160) x 100 % = 371/2%

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