the price of sugar increased by 20% by how much percent should reduce the conceptions of sugar so the expenditure remains the same
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Step-by-step explanation:
Let price of sugar be 100/kg then it is increased by 20% so new price is 120
Let consumption of sugar be 1kg i.e. of 100
New consumption is also of rs 100 so new consumption is dependent on kg
So, New kg = 100*100/120 =83.3%
= 83.3/100*1000= 833 grams will be new consumption
% decrease of consumption = (1000-833/1000)* 100= 16.7%
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