When the price of a gas cylinder is increased by 50%, by what percentage should the household consumption be reduced such that there is no increase in the expenditure?
50%
33.33%
66.66%
16.66%
When the price of a gas cylinder is increased by 50%, by what percentage should the household consumption be reduced such that there is no increase in the expenditure?
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If the price of quality goes up by x%, then the quantity consumed should be reduced by (
100+x
100×x
)%
20% increase in petrol.
% reduction in consuption
=
100+20
100×20
=
120
2000
=
12
200
=
3
50
%
% Reduction =16.66%=16
3
2
%
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