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11.The price of sugar has been increased by 40%. By how much percent must
this new price be decreased to retain its former price.?
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11.The price of sugar has been increased by 40%. By how much percent m...
Understanding Price Increase and Decrease
When the price of sugar is increased by 40%, we need to calculate the percentage decrease required to bring it back to its original price.
Original Price Calculation
- Let's assume the original price of sugar is \( P \).
- After a 40% increase, the new price can be calculated as:
- New Price = \( P + (0.4 \times P) \)
- New Price = \( 1.4P \)
Finding the Required Decrease
- To find the percentage decrease needed to return to the original price, we want to reduce \( 1.4P \) back to \( P \).
- The amount of decrease needed is:
- Decrease = New Price - Original Price
- Decrease = \( 1.4P - P = 0.4P \)
Calculating the Percentage Decrease
- To find the percentage decrease, we use the formula:
- Percentage Decrease = \( \frac{\text{Decrease}}{\text{New Price}} \times 100 \)
- Substituting the values we have:
- Percentage Decrease = \( \frac{0.4P}{1.4P} \times 100 \)
- Simplifying this:
- Percentage Decrease = \( \frac{0.4}{1.4} \times 100 = \frac{40}{14} \approx 2.857 \)
Final Result
- Therefore, the new price must be decreased by approximately 28.57% to retain its former price.
This calculation shows how percentages work in real-life scenarios, such as price adjustments in the market.
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11.The price of sugar has been increased by 40%. By how much percent must this new price be decreased to retain its former price.?
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