the monthly expenditure of a family in milk is Rs.7000.if the price of the milk increases by 8%.find the increase in the expenditure
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3
Monthly expenditure=7,000
Increases by=8%
New expenditure=7,000+(7,000*8)/100
New expenditure=7,000+560
New expenditure=7,560
Increase =7,560-7,000
Increase =560
Increases by=8%
New expenditure=7,000+(7,000*8)/100
New expenditure=7,000+560
New expenditure=7,560
Increase =7,560-7,000
Increase =560
Answered by
2
Monthly expenditure = Rs.7000
Price hike (in percent) = 8%
Price hike (in Rupees) = 8% of 7000
= 8/100 × 7000
=Rs. 560
Price hike (in percent) = 8%
Price hike (in Rupees) = 8% of 7000
= 8/100 × 7000
=Rs. 560
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