A family spends a constant amount of money on milk each month. If
the milk price goes down by 25%, how much will their consumption
increase?
Answers
Given,
The milk price goes down by 25%.
The family wants to spend a constant amount of money.
To find,
The increased amount of milk consumption.
Solution,
Let, the constant amount of money = Rs. 100
And, the initial amount of milk = x litres
(Assume x as a variable to do the further mathematical calculations.)
Now,in the initial case,
The price of
x litres of milk = Rs. 100
After price reduction,
x litres of milk = 100 - (100 × 25/100) = 100-25 = Rs. 75
Now, the family still wants to pay Rs. 100.
In this case,
In Rs. 75 , they get = x litres of milk
In Rs. 1 , they get = x/75 litres of milk
In Rs. 100 , they get = 100x/75 = 4x/3 litres of milk
So,
The increased consumption = (4x/3 - x) = (4x-3x/3) = x/3 litres
Percentage increase = 100 × (x/3 ÷ x)
= 100 × (x/3 × 1/x)
= 100 × 1/3
= 33.33%
Hence, the consumption will be increased for 33.33%
A family spends a constant amount of money on milk each month. If
the milk price goes down by 25%, how much will their consumption
increase?