Question: The price of a commodity rises from Rs. 6 per kg to Rs. 7.50 per kg. If the expenditure cannot increase, then the percentage of reduction in consumption is
Options:
A) 15
B) 20
C) 25
D) 30
Show Answer
Answer:
Correct Answer: B
Solution:
- Percentage increase $ =\frac{7.5-6}{6}\times 100=25 $ %
$ \therefore $ Percentage decrease in consumption
$ =\frac{a}{100+a}\times 100 $
Here, $ a=25%. $ So, $ \frac{25}{125}\times 100=20 $ %