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If the price of the sugar increases by 20%, then what should be percentage reduction in consumption so that the expenditure increases only by 8%?
  • a)
    10%
  • b)
    15%
  • c)
    20%
  • d)
    8%
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
If the price of the sugar increases by 20%, then what should be perce...
Let the price of sugar be Rs 10 per kg and the consumption is 10 Kg. So the overall budget is Rs 100. Now the price becomes Rs 12 per kg and we can spend only 108 Rs.
So the new consumption should be 108/12 = 9 kg
Thus, a reduction of 10% is required in the consumption.
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If the price of the sugar increases by 20%, then what should be percentage reduction in consumption so that the expenditure increases only by 8%?a)10%b)15%c)20%d)8%Correct answer is option 'A'. Can you explain this answer?
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