This paper presents an analytic solution for the sound generated by an unsteady gust interacting with a semi-infinite flat plate with a serrated leading edge in a background steady uniform flow. Viscous and non-linear effects are neglected. The Wiener-Hopf method is used in conjunction with a non-orthogonal coordinate transformation and separation of variables to permit analytical progress. The solution is obtained in terms of a modal expansion in the spanwise coordinate, however for low- and mid-range incident frequencies only the zeroth order mode is seen to contribute to the far-field acoustics, therefore the far-field noise can be quickly evaluated. The solution gives insight into the potential mechanisms behind the reduction of noise for plates with serrated leading edges compared to those with straight edges, and predicts a logarithmic dependence between the tip-to-root serration height and the decrease of far-field noise. The two mechanisms behind the noise reduction are proposed to be an increased destructive interference in the far field, and a redistribution of acoustic energy from low cuton modes to higher cutoff modes as the tip-to-root serration height is increased. The analytic results show good agreement in comparison with experimental measurements. The results are then compared against numerical predictions for the sound generated by a spanwise invariant line vortex interacting with a flat plate with serrated leading edge. Good agreement is also seen between the analytical and numerical results as frequency and tip-to-root ratio are varied.