Practicing Success
Rice is now being sold at ₹29 per kg. During the last month, its cost was ₹25 per kg. By how much percentage should a family reduce its consumption, so as to keep the expenditure the same as before? (correct to nearest integer) |
14% 13% 15% 12% |
14% |
Let initial consumption of Rice = X kg Initial price = 25 Rs./kg After increase , price = 29 Rs./kg Final consumption = \(\frac{X}{29}\) × 25 = 0.862X kg Reduced consumption = X - 0.862X = 0.138X kg Required percentage = \(\frac{0.138X}{X}\) × 100% = 13.8% = 14% (approx) |