131. The price of a commodity hasincreased by 60%. By whatpercent must – InterviewSolution

1.	131. The price of a commodity hasincreased by 60%. By whatpercent must a consumerreduce the consumption of thecommodity so as not toincrease the expenditure ?
Answer» Let original price of a unit = Rs. 100Increased price = Rs. 160Reduction on Rs. 160 = Rs. 60Reduction on Rs. 100 = 60/160 * 100 = 37.5 %75/2 %

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