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Price of tea increases by 25%. By how much percent the consumption of tea should be reduced, So that expenditure doesn’t change?1. 20%2. 25%3. 33.33%4. 16.67% |
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Answer» Correct Answer - Option 1 : 20% Given: Price of tea increase = 25% Formula Used: Reduction in consumption = (Increase% × 100)/(100 + Increase%) Calculation: Reduction in consumption = (Increase% × 100)/(100 + Increase%) = (25 × 100)/(100 + 25) = 20% ∴ The consumption should be reduced by 20%. |
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