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 with explanationAnswer: 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 = 80/20 = Rs. 4 per kg.
Rice can bought now at = 100/4 = 25 kg.