Wheat is 20% cheaper than rice, so what percentage is rice more expensive than wheat?
Question
Wheat is 20% cheaper than rice, so what percentage is rice more expensive than wheat?
Solution
To find out the percentage by which rice is more expensive than wheat, we can use the following steps:
- Let's assume the price of wheat is 100 units (you can choose any value as long as it is consistent throughout the calculation).
- Since wheat is 20% cheaper than rice, the price of rice would be 100 + 20% of 100 = 100 + 20 = 120 units.
- Now, we need to calculate the difference in price between rice and wheat, which is 120 - 100 = 20 units.
- To find the percentage by which rice is more expensive than wheat, we divide the difference in price (20 units) by the price of wheat (100 units) and multiply by 100.
- (20 / 100) * 100 = 20%
Therefore, rice is 20% more expensive than wheat.
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