the price of an article is decreased by 20% by what percentage must its consumption be increased so that the expenditure on it increases by 10%
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Answer:
37.5%
Step-by-step explanation:
Let us consider before the price decrease
Price=100Rs
Consumption=2Kg
Expenditure=2*100=200Rs
After the price decrease by 20% and increase in expenditure by 10%
Price=100(100-20)/100=80Rs
Consumption=x
Expenditure=(200*100)/100=200Rs
Consumption=220/80=2.75
Increase in percentage of consumption=(2.75-2)/2*100 = 3.75%
So there must be a 37.5% increase in consumption if we want the expenditure to go up by 10% and the price to go down by 20%
So I think I have answered your question
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