The price of wheat is decreased by 28%. If the expenditure on wheat is to be kept same then the ratio between increase in consumption to actual consumption will be:
Answer & explanation
Correct answer: option 3
Price × Consumption = Expenditure
*(If expenditure remains same the price is inversely proportional to consumption)
Therefore,
28% = \(\frac{7}{25}\)
Price ratio: 25 : 18
Consumption: 18 : 25
Hence,
Increase : Actual
Consumption: 7 : 18