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Give the city equal minus 0.2 and percentage increase in price equal 20% find change in expenditure of the commodity?
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Give the city equal minus 0.2 and percentage increase in price equal 2...
Change in Expenditure Calculation
To calculate the change in expenditure of the commodity when the city equal minus 0.2 and the percentage increase in price is 20%, we can follow these steps:
Step 1: Initial Expenditure Calculation
- Let's assume the initial price of the commodity is $100.
- The initial expenditure can be calculated as follows:
Initial Expenditure = Initial Price * Quantity = $100 * 1 = $100
Step 2: Price Increase Calculation
- With a 20% increase in price, the new price of the commodity would be:
New Price = Initial Price + (20% of Initial Price) = $100 + ($100 * 0.20) = $120
Step 3: New Expenditure Calculation
- The new expenditure with the increased price can be calculated as follows:
New Expenditure = New Price * Quantity = $120 * 1 = $120
Step 4: Change in Expenditure Calculation
- The change in expenditure can be calculated by finding the difference between the new expenditure and the initial expenditure:
Change in Expenditure = New Expenditure - Initial Expenditure
= $120 - $100
= $20
Therefore, the change in expenditure of the commodity due to the city equal minus 0.2 and a 20% increase in price would be an increase of $20.
To calculate the change in expenditure of the commodity when the city equal minus 0.2 and the percentage increase in price is 20%, we can follow these steps:
Step 1: Initial Expenditure Calculation
- Let's assume the initial price of the commodity is $100.
- The initial expenditure can be calculated as follows:
Initial Expenditure = Initial Price * Quantity = $100 * 1 = $100
Step 2: Price Increase Calculation
- With a 20% increase in price, the new price of the commodity would be:
New Price = Initial Price + (20% of Initial Price) = $100 + ($100 * 0.20) = $120
Step 3: New Expenditure Calculation
- The new expenditure with the increased price can be calculated as follows:
New Expenditure = New Price * Quantity = $120 * 1 = $120
Step 4: Change in Expenditure Calculation
- The change in expenditure can be calculated by finding the difference between the new expenditure and the initial expenditure:
Change in Expenditure = New Expenditure - Initial Expenditure
= $120 - $100
= $20
Therefore, the change in expenditure of the commodity due to the city equal minus 0.2 and a 20% increase in price would be an increase of $20.
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Give the city equal minus 0.2 and percentage increase in price equal 20% find change in expenditure of the commodity?
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Give the city equal minus 0.2 and percentage increase in price equal 20% find change in expenditure of the commodity? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Give the city equal minus 0.2 and percentage increase in price equal 20% find change in expenditure of the commodity? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Give the city equal minus 0.2 and percentage increase in price equal 20% find change in expenditure of the commodity?.
Give the city equal minus 0.2 and percentage increase in price equal 20% find change in expenditure of the commodity? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Give the city equal minus 0.2 and percentage increase in price equal 20% find change in expenditure of the commodity? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Give the city equal minus 0.2 and percentage increase in price equal 20% find change in expenditure of the commodity?.
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