If the price of rice is increased by 15%,by how much percent should a homemaker
reduce the consumption of rice
so that the expenditure remains the same?
who will give me correct answer I will follow him
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Answer:
First increase in price of rice = 15% of Rs 15=
100
15
×15=2.25Rs.
New price of rice= 15+2.25=17.25
When 30 paisa(0.30 Rs.) reduced then price of rice= 17.25−0.30=16.95Rs.
Net increase in price= 16.95−15=1.95
Net increase percentage=
15
1.95
×100=13%
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