The price of rice is reduced by 5%. How many kilograms of rice can now be bought for the money, which was sufficient to buy 50 kg of rice earlier?
Correct Answer: 52.63 kg
Explanation:
Let original price be ₹ 100 per kg.
Money required to buy 50 kg of rice = ₹ (100 x 50) = ₹ 5000
New price = (100 - 5) = ₹ 95 per kg
∴ Quantity of rice bought = (5000/95) kg = 52.63 kg
