the price of petrol goes up by 10% by how much percent must a motorist reduce the consumption of petrol so that the expenditure on it remains unchanged?
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Answer:
9.09 %
Step-by-step explanation:
Let the initial price of petrol be Rs. x
Then, price after increase of 10 % = 100 + (100*10)/100
= 100 + 10
Price after increase of 10 % = Rs. 110
Now,
Reduction in consumption of petrol in percent = [{(110 - 100)}*100]/110
⇒ (10*100)/110
⇒ 100/11
⇒ 9.09 %
So, the motorists have to reduce the consumption of petrol by 9.09 %, so that the expenditure on it remains unchanged.
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- The price of petrol goes up by 10%.
- how much percent must a motorist reduce the consumption of petrol so that the expenditure on it remains unchanged .....?
Let the consumption of petrol originally be 1 unit and let it's cost of petrol = Rs 100
New cost of 1 unit of petrol = Rs 110
Now,
Rs 110 will yield 1 unit of petrol.
i.e, Rs 100 will yield
Now, reduction in consumption
Percentage of reduction
Hence, A motorist must reduce the consumption of petrol by 9.09%.
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