The reduction of 20% in the price of rice enables a person to obtain 50 kg more for Rs.450. Find the original price of rice per kg.
Show answer & explanation
Correct answer: D
Explanation
The correct answer is Option 4. i.e. Rs.2.25.
Given:
Reduction = 20%
A person can buy 50 kg more rice for Rs. 450
Concept Used:
Incremented/reduced value = Initial value(1 + change%) ....(i)
Explanation:
Let initially the person can buy x kg rice for Rs. 450
Now, for Rs. 450, a person can buy (x + 50) kg rice.
So, using equation (i), we get
⇒
⇒ 5x = 4x + 200
⇒ x = 200
Hence the original price(per kg) of rice is = Rs. 2.25.