Question

3. The price of ghee increased by 15% what percent must a
family reduces the consumption of ghee so that the expen-
diture on ghee is the same as before.
G​

Answer 1

Answer:

if the price of a commodity increases by R%,then reduction in consumption so as not to increase the expenditure is given by the formula=(R/100+R)*100

here R=15

so %of reduction of consumption=(15/15+100)*100

=15/115*100

=300/23

=13whole 1/23 %