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When the price of rice is increased by 25 percent, a family reduces its consumption such that the expenditure is only 10 percent more than before. If 40 kg of rice is consumed by family before, then find the new consumption of family.
  • a)
    34.2
  • b)
    35.2
  • c)
    36.2
  • d)
    37.2
  • e)
    None of these
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
When the price of rice is increased by 25 percent, a family reduces it...
Answer – 2.35.2 Explanation : Suppose initially price per kg of rice is 100 then their expenditure is 4000.
Now their expenditure is only increased by only 10% i.e – 4400.
Increased price of rice = 125.
So new consumption = 4400/125 = 35.2
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Most Upvoted Answer
When the price of rice is increased by 25 percent, a family reduces it...
Answer – 2.35.2 Explanation : Suppose initially price per kg of rice is 100 then their expenditure is 4000.
Now their expenditure is only increased by only 10% i.e – 4400.
Increased price of rice = 125.
So new consumption = 4400/125 = 35.2
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Community Answer
When the price of rice is increased by 25 percent, a family reduces it...
Answer – 2.35.2 Explanation : Suppose initially price per kg of rice is 100 then their expenditure is 4000.
Now their expenditure is only increased by only 10% i.e – 4400.
Increased price of rice = 125.
So new consumption = 4400/125 = 35.2
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When the price of rice is increased by 25 percent, a family reduces its consumption such that the expenditure is only 10 percent more than before. If 40 kg of rice is consumed by family before, then find the new consumption of family.a)34.2b)35.2c)36.2d)37.2e)None of theseCorrect answer is option 'B'. Can you explain this answer?
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When the price of rice is increased by 25 percent, a family reduces its consumption such that the expenditure is only 10 percent more than before. If 40 kg of rice is consumed by family before, then find the new consumption of family.a)34.2b)35.2c)36.2d)37.2e)None of theseCorrect answer is option 'B'. Can you explain this answer? for Quant 2024 is part of Quant preparation. The Question and answers have been prepared according to the Quant exam syllabus. Information about When the price of rice is increased by 25 percent, a family reduces its consumption such that the expenditure is only 10 percent more than before. If 40 kg of rice is consumed by family before, then find the new consumption of family.a)34.2b)35.2c)36.2d)37.2e)None of theseCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Quant 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for When the price of rice is increased by 25 percent, a family reduces its consumption such that the expenditure is only 10 percent more than before. If 40 kg of rice is consumed by family before, then find the new consumption of family.a)34.2b)35.2c)36.2d)37.2e)None of theseCorrect answer is option 'B'. Can you explain this answer?.
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