if the price of sugarcane increase by 22%.what should be the approximate percentage decrease by the consumption of sugarcane so as to keep the expenditure constant?
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Answer:
This is the method u have to put
Step-by-step explanation:
Now it's increased by 30 percent
New price for 100kg of rice is rupees 130
But consumption is reduced in order to pay rupees 100
. 100 ———130
. ? —————100
Therefore need to buy (100×100) ÷130 =1000/13
Therefore consumption of rice is to be reduce by 100 - (1000÷13)
300 ÷13
Percentage reduce =(300/13) ×100/100= 23 1/13
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