Practicing Success
When the price of rice is increased by 32%, a family reduced its consumption in such a way that the expenditure on rice is only 10% more than before. If 30 kg was consumed per month before, then the new consumption per month is: |
25 kg 24 kg 20 kg 18 kg |
25 kg |
Let price is 100 and consumption also 100. Latest price is 100 +32 = 132 and consumption = 100 + 10 = 110. Consumption has to reduce 132 - 110 = 22. Now, out of 132, family has to reduce 22. So, out of 30, family has to reduce 22/132 * 30 = 5. New monthly consumption = 30 - 5 = 25 |