Question

The price of tea is increased by 20%.By how much% a housewife should reduce the consumption of tea so as not to increase the expenditure on tea
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Answer 1

Answer:

To a housewife needs to reduce the consumption to tea so as not to increase the expenditure on tea. So, there is formula for this: Here, R denotes the rate of change i.e. 20%. Hence, a housewife should reduce the consumption by 16.67%.