Practicing Success
The price of rice increased by 10%. By how much should we reduce the consumption, so that the expenditure does not increase on rice? |
100/11% 300/7% 50/3% 51/7% |
100/11% |
To keep the expenditure on rice constant, Ratio of consumption ∝ $\frac{1}{ratio\; of\; price}$ Original : New Price of rice 100 : 110 Consumption 110 : 100 Percentage decrease in consumption = \(\frac{10}{110}\) x 100 = 100/11% |