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