due to an increase in the price of sugar by 25% by how much percent must a householder decrease the consumption
Answers
Formula is R/100 + R * 100
= 25/125 * 100
= 20%.
Find the new price in percentage:
Price increase = 25%
New Price = 100 + 25 = 125%
Find the change in consumption:
Change in consumption = 25/125 x 100 = 20%
Find the household must decrease it consumption by 20%
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Explain with an Example:
If the price of sugar was Rs 100 for 100 kg
And there is an increase in 25%
Find the new price:
Increase in price = 25% x 100 = Rs 25
New price = 100 + 25 = Rs 125
Find the amount of sugar that can be bought with the same Rs 100:
Rs 125 = 100 kg
Rs 1 = 100 ÷ 125 = 0.8 kg
Rs 100 = 0.8 x 100 = 80 kg
Find the change in consumption:
Before = 100 kg
After = 80 kg
Change = 100 - 80 = 20
Percentage change = 20/100 x 100 = 20%
Answer: There is a need for a decrease of 20% in consumption for the same amount of Rs 100