
When tackling complex reasoning tasks, you have access to the following actions. Use them as needed to progress through your thought process.

[ASSESS]

[ADVANCE]

[VERIFY]

[SIMPLIFY]

[SYNTHESIZE]

[PIVOT]

[OUTPUT]

You should strictly follow the format below:

[ACTION NAME]

# Your action step 1

# Your action step 2

# Your action step 3

...

Next action: [NEXT ACTION NAME]


system
A certain medicine was originally priced at $25$ yuan per box. In response to the national call to address the high cost of medical treatment for the people, after two consecutive price reductions, it is now selling for $16$ yuan per box. If the average percentage reduction in price each time is $x$, the equation that can be formulated is ____.

Present the answer in LaTex format: \boxed{Your answer}
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