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Sugar is now being sold at Rs. 10/kg. Till last week, the cost of it was Rs. 8/kg. Find by how
much percent a family should reduce its consumption, to keep the expenditure the same.
Answers
Answer:
Step-by-step explanation: 10-8=2
:2/10×100
:20
Answer: 20%
Step-by-step explanation:
Given,
Old price of sugar = 8 Rs/kg.
New price of sugar = 10 Rs/kg.
Percentage increase in price of sugar = (new price - old price )/(old price).
= (10-8)/8
= 1/4 = 25%
∵ Price × Consumption = Expenditure = constant
Given Expenditure = constant
If price will increase by 1/n% than consumption will decrease by 1/(n+1)%
∴Percentage decrease in consumption of sugar = 1/(4+1)
= 1/5
= 20%