Question

price of commodity has increased by 20% by what percent must consumer reduce the consumption of commodity so as not to increase the expenditure​

Answer 1

Answer:

16.66% consumption must be reduced.

Step-by-step explanation:

let price of a 100 percent commodity be 100 rs.

new price will be 120.

now, in 120 rs. = 100 percent commodity is bought.

in 1 rs.= 100/120 %

in 100 rs. = 100×100/120 %

=83.33% commodity is bought.

reduction = 16.66%