Daal is now being sold at Rs. 20 a kg. During last month its rate was Rs. 16 per kg. By how much percent should a family reduce its consumption so as to keep the expenditure fixed?
1. 20 %
2. 40 %
3. 3%
4. 2%
Answers
Answer:
Step-by-step explanation:
(16/20)*100=80%
So,100-80=20%.
Given:
Rate of daal this month=Rs.20/kg
Rate of daal last month=Rs.16/kg
To find:
The percentage decrease in consumption so that the expenditure remains the same
Solution:
The percentage decrease in consumption so that the expenditure remains the same is 20%. (Option 1)
Let us assume that the consumption of the family last month was 10 kg.
Now, we are given that the rate of daal last month was Rs.16/kg.
The amount of expenditure can be calculated by multiplying the rate and consumption of last month.
Expenditure last month=Rate of daal last month×Consumption last month
Expenditure last month=16×10
Expenditure last month=Rs.160
We know that the expenditure has to remain the same this month as well.
So, the expenditure this month=Rate of daal this month×Consumption this month
On putting the values, we get
160=20×Consumption this month
Consumption this month=160/20
Consumption this month=8 kg
So, the decrease in consumption=Consumption last month-consumption this month
=10-8
=2 kg
So, the percentage decrease in consumption=(Decrease in consumption/Consumption last month)×100
=2/10 ×100
=20%
Therefore, the percentage decrease in consumption so that the expenditure remains the same is 20%.