Question

if the price of sugar increased by 20%,then by what percent its consumption must be reduced so that the expenditure on sugar remain same?​

Answer 1

Answer:

Price be 100

after increase 120

120 (100-D)/loo=100

100x100/120 =loo-D

D = reduction rate

loo-D=83 I/3

D=16 2/3%