if the price of potatoes is increased by 20 %and the consumption is decreased by 10 %what will be the change in expenditure
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.........30%
.........30%
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let the price of potato is -50
increased by 20 %
50=10
the actual price is 60
let the consumption before price is 20kg
price High by 10%
consumption is decreased by 10%
20kg=2kg
20- 2=18kg
before expenditure is 50*20=1000
after expenditure is 60*18=1080
so the expenditure is 1080-1000=80
the changes in expenditure is 80 rupees
increased by 20 %
50=10
the actual price is 60
let the consumption before price is 20kg
price High by 10%
consumption is decreased by 10%
20kg=2kg
20- 2=18kg
before expenditure is 50*20=1000
after expenditure is 60*18=1080
so the expenditure is 1080-1000=80
the changes in expenditure is 80 rupees
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