The price of rice is decreased by 8\(\frac{1}{3}\)%. Find by how much percent a man should increases his consumption so that the expenditure remains same? |
11\(\frac{1}{9}\)% 10% 9\(\frac{1}{11}\)% 12\(\frac{1}{2}\)% |
9\(\frac{1}{11}\)% |
Price × Consumption = Expenditure *(If expenditure remains same the price is inversely proportional to consumption) Therefore, 8\(\frac{1}{3}\)% = \(\frac{1}{12}\) Price ratio: 12 : 11 Consumption: 11 : 12 ⇒ 1 (increased by) Hence, Increased percentage = \(\frac{1}{11}\) × 100% = 9\(\frac{1}{11}\)% |