The price of rice has increased by 60%. In order to restore

The price of rice has increased by 60%. In order to restore to the original price, the new price must be reduced by ?

Let original price = Rs. 100
⇒ Increase price = Rs. 160
⇒ Decrease on Rs. 160 = Rs. 60
∴ Decrease on Rs. 100 = (60/160) x 100 % = 37¹/_{2_%}