Practicing Success
The price of cooking oil increased by 25%. Find by how much percentage a family must reduce its consumption in order to maintain the same budget? |
70% 80% 30% 20% |
20% |
25% = \(\frac{1 }{4}\) Ratio Initial : Final Price 4 : 5 Consumption 5 : 4 { Price ∝ \(\frac{1}{Consumption}\) } Required Percentage = \(\frac{5 - 4 }{5}\) × 100 = 20% |