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If the price of rice is increased by 15%, by how much per cent should a homemaker
reduce the consumption of rice so that the expenditure remains the same?
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Answer:
hope it will help you !!
Step-by-step explanation:
Simple Solution——
Let’s take consumption=100,Price=100(initially).
So total Expenditure=100*100
After 30% increase in price ,Price will be 130 & Let’s take consumption X now.
If expenditure has to be same as before than
Final expeniture=Initial expenditure
X*130=100*100
=>X=76.92
So reduction in consumption should be 100–76.92=23.08%
Medhaxx !!!!
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