Question

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​

Answer 1

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%