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

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If price of wheat has increased by 60%. In order to restore to the original price, the new price must be reduced by ?? (answer in percentage)

posted Aug 17, 2015 by Upma

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2 Answers

+1 vote
 
Best answer

Assume a was the original price
so new price is 1.6 a

Now assume reduction is by a factor of x then
1.6a(1-x) = a
1.6 - 1 = 1.6x
x=.6/1.6 or .375
or
x=37.5 %

So reduction should be 37.5 %

answer Aug 17, 2015 by Salil Agrawal
+1 vote

100/160 = 0.625
Reduction is 1 - 0.625 = 37.5%

answer Aug 17, 2015 by Jcm



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