Question

As a result of 40% hike in the price of rice per kg., a person is able to purchase 10 kg less rice for Rs.1400. What was the original price of rice per kg? 

(1) Rs.50 

(2) Rs.60 

(3) Rs.40 

(4) Rs.30

Answer 1

(3) Rs.40 

Let’s say price of rice per kg = x 

After 40% hike, new price = x + 40% of x = 1.4 x 

Now, ATQ,