please answer this question with full explanation
the price of sugar is increased by 20% by what percent must the consumption of sugar be decreased so that the expenditure on Sugar remain the same
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Halo mate here is u r answer....
Let the original price of the sugar be Rs 100. The price of the sugar is increased by 20%. Increased price of the sugar = 100 + (20% of 100) = 100 + 20 = Rs 120. Increase in price = 120 - 100 = Rs 20 Sugar of cost Rs 20 is to decreased out of the increased cost of Rs 120. Percentage decrease = (20/120) x 100 = 100/6 = 16 2/3 %.
Hence, the consumption of 16 2/3% of sugar be decreased so that the expenditure on sugar remains the same.
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