You'll need a book with the ICAO standard atmosphere tables. Finding the altitude where the atmosphere is 25% less dense is easy. The part about going faster is dependent on the power curve of the engine, the drag curve of the airframe, and how both are affected by altitude.
Do you have enough information about the aircraft and its engine to begin working these out?
Steven Fahey, CET
"Simplicate, and add more lightness" - Bill Stout