The price of sugar increased by 20%. By how much percent the consumption should be reduced so that expenditure does not change? |
16% 16\(\frac{1}{2}\)% 17% 16\(\frac{2}{3}\)% |
16\(\frac{2}{3}\)% |
Price × Consumption = Expenditure *(If expenditure remains same the price is inversely proportional to consumption) Therefore, 20% = \(\frac{1}{5}\) Price ratio: 5 : 6 Consumption: 6 : 5 ⇒ 1 (Reduced by) Reduced percentage = \(\frac{1}{6}\) × 100% = 16\(\frac{2}{3}\)% |