Math Problem Statement
Due to a 25% price hike in the price of rice, a person is able to purchase 20 kg less of rice for ` 400. Find the initial price.
Solution
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Math Problem Analysis
Mathematical Concepts
Algebra
Percentage Increase
Proportions
Formulas
Price after percentage increase = Initial price * (1 + percentage/100)
Quantity of rice = Total money available / Price per kg
Theorems
Basic Proportion Theorem
Percentage Increase Formula
Suitable Grade Level
Grades 8-10
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