Question

The price of rice is reduced by 2%. How many kilograms of rice can now be bought for the money which was sufficient to buy 49 kg of rice earlier ?

Answer 1

Let the price of rice be Rs x per kg. Then, 

Cost of 49 kg rice = Rs 49 x

New price of rice = 98% of Rs x = Rs \(\frac{98X}{100}\)

\(\therefore\) New quantity of rice bought = \(\frac{49X\times100}{98X}\) = 50 kg.