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When the cost of tobacco was increased by 50%a certain hardened smoker ,who maintained his formal scale of consumption ,said that the rise had increased his cost of living by 5%.Before the cahnge in price ,the percentage of his cost of his living was due to buying the tobacco is ?
Most Upvoted Answer
When the cost of tobacco was increased by 50%a certain hardened smoker...
Solution:

Given:
- Increase in the cost of tobacco = 50%
- Increase in the cost of living = 5%

To find:
- Percentage of his cost of living due to buying tobacco before the change in price

Let's assume the initial cost of buying tobacco as x.
After the increase in price by 50%, the cost of buying tobacco becomes 1.5x.

Now, as per the question, the increase in the cost of living is 5%.
Let's assume the total cost of his living as y.
After the increase in the cost of living by 5%, the total cost of his living becomes 1.05y.

Using the above information, we can form an equation as follows:
x/ y = (1.05y - y) / (1.5x - x)

Simplifying the above equation, we get:
x/y = 0.05/0.5

Therefore, x/y = 1/10

Hence, the percentage of his cost of living due to buying tobacco before the change in price is 1/10 i.e. 10%.

Explanation:
- When the cost of tobacco increased by 50%, the smoker maintained his formal scale of consumption.
- As a result, his cost of buying tobacco increased by 50%.
- Due to this increase, his cost of living also increased by 5%.
- Using the given information and the above equation, we can calculate the initial percentage of his cost of living due to buying tobacco.
- The calculation shows that before the change in price, 10% of his cost of living was due to buying tobacco.
Community Answer
When the cost of tobacco was increased by 50%a certain hardened smoker...
Let his total cost of living be 100 and expenditure on tobacco be x. So now, cost of living is 105 and expenditure on tobacco is (x + 5).
x + x(50/100) = x + 5
x(1/2) = 5
x = 10
10 = 10% of 100
x = 10% of 100
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When the cost of tobacco was increased by 50%a certain hardened smoker ,who maintained his formal scale of consumption ,said that the rise had increased his cost of living by 5%.Before the cahnge in price ,the percentage of his cost of his living was due to buying the tobacco is ?
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When the cost of tobacco was increased by 50%a certain hardened smoker ,who maintained his formal scale of consumption ,said that the rise had increased his cost of living by 5%.Before the cahnge in price ,the percentage of his cost of his living was due to buying the tobacco is ? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about When the cost of tobacco was increased by 50%a certain hardened smoker ,who maintained his formal scale of consumption ,said that the rise had increased his cost of living by 5%.Before the cahnge in price ,the percentage of his cost of his living was due to buying the tobacco is ? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for When the cost of tobacco was increased by 50%a certain hardened smoker ,who maintained his formal scale of consumption ,said that the rise had increased his cost of living by 5%.Before the cahnge in price ,the percentage of his cost of his living was due to buying the tobacco is ?.
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