The price of rice increased by 37.5%. By how much percent the consumption should be reduced so that expenditure does not change? |
17\(\frac{3}{11}\)% 24\(\frac{3}{11}\)% 37\(\frac{3}{11}\)% 27\(\frac{3}{11}\)% |
27\(\frac{3}{11}\)% |
Price × Consumption = Expenditure *(If expenditure remains same the price is inversely proportional to consumption) Therefore, 37.5% = \(\frac{3}{8}\) Price ratio: 8 : 11 Consumption: 11 : 8 ⇒ 3 (Reduced by) Reduced percentage = \(\frac{3}{11}\) × 100% = 27\(\frac{3}{11}\)% |