If the price of sugar is increase by 20 percent than by how much a house wife should decrease the cunjumtion so that there is no effect
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Answer:
The required percentage would be 16.67%. We need to find the percent that a housewife reduce her consumption so that the expenditure does not increase. Hence, the required percentage would be 16.67%.
Explanation:
OR
Let the original price of the sugar be Rs100
And the consumption be 1kg
Then total expenditure will be Rs100×1=Rs100
Now, when price is increased by 20 %, then new price is Rs120
Then new expense will be Rs120×1=Rs120
For expense to be same to Rs100,
% decrease in sugar consumption =
120−100/120 ×100= 50/3
=16.66=approx. 17 %
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the required answer is 16.67%
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