the price of milk is increased by 20%. Find by how much percent a housewife should reduce the consumption of milk so as not to increase her expenditure ?
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let the price of milk be x
Let the new price of milk be 1.2x
So,the decrease in consumption should be x/5+1 using shortcut method so the answer is 16.6667%
If you want more detailed solution just let me know
Let the new price of milk be 1.2x
So,the decrease in consumption should be x/5+1 using shortcut method so the answer is 16.6667%
If you want more detailed solution just let me know
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