3. The price of coffee is increased by 60%. By what percentage should a family decrease the
consumption of coffee, so that there is no change in the expenditure?
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Answered by
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37.5% should a family decrease the consumption of coffee, so that there is no change in the expenditure.
Step-by-step explanation:
Let the price of coffee is increased by r%, the percentage of coffee consumption should decrease,
Here, r = 60%
Percentage of coffee consumption should decrease =
=
= 37.5%
Hence, 37.5% should a family decrease the consumption of coffee, so that there is no change in the expenditure.
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