Question

due to reduced demand the price of gold went down by 16%,by what percent should the price of gold be increased to restore the original price?​

Answer 1

Let the price of the commodity be Rs. x and its consumption be y.

Then Expenditure = Rs. xy

Increased price = Rs.

100

160

x=Rs.1.6x

Expenditure remaining the same = Rs. xy

∴ Reduced consumption =

1.6x

xy

=

16

10y

=

8

5

y % reduction in consumption

=

y

y−5/8y

×100

=

8

3

×100%

=37.5%

.

.

.

Bro yeh method h abh samajh kar khud se solve karo practice hojayegi aapki. bbye