the price of onion is increased by 25%. how much percent satish should reduce his consumption so that his expenditure for purchase of onion does not change?
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Can be done using a simple formula for percentage :
Decrease in consumption = [% Price increase/(100 + % Price Increase)]×100
So , If price of onion rises by 25% =>
Decrease in consumption = [25/(100+25)] × 100
= [25/125]×100 = 20
Hence , consumption of onion should be decreased by 20 % so that there is no change in the expenditure.
Decrease in consumption = [% Price increase/(100 + % Price Increase)]×100
So , If price of onion rises by 25% =>
Decrease in consumption = [25/(100+25)] × 100
= [25/125]×100 = 20
Hence , consumption of onion should be decreased by 20 % so that there is no change in the expenditure.
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0
sathish should reduce 25%
therahul20:
dear buddy the answer of thus question is 20%. thanx for helping me
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