If the price of rice is reduced by 24%, it enables Alok to buy 10 kg more rice for ₹2,500. The reduced rate of rice per kg is:
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. ₹60.
Percentage of the price of rice is reduced = 24%
The price reduction amount = (24/100) × 2500 = ₹600
This ₹600 saving allows Alok to buy 10 kg more rice.
Reduced price of rice = 600/10 = ₹60
Therefore, the reduced rate of rice per kg is ₹60.