if the price of wheat is increased by 20% today at what percent should it be decrease tomorrow so as to bring down the price back to the original
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Let old price be 100
Then new price = 130
Consumption needs to be decreased by 30 which is in percentage (30/130)*100 = 23.07%
Then new price = 130
Consumption needs to be decreased by 30 which is in percentage (30/130)*100 = 23.07%
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16.666% is the answer. Detailed solutions attached
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