The price of rice increases by 30%. A family reduced its consumption so that the expenditure of the rice is up only by 10%. If the total consumption of the rice before the price rise was 10 kg per month, then the consumption of rice per month at present (in kg) is: |
$7\frac{6}{15}$ $8\frac{1}{15}$ $8\frac{6}{13}$ $8\frac{5}{13}$ |
$8\frac{6}{13}$ |
Total Initial consumption of rice = 10 kg/month Initial Price = P Total Exp = 10P Say they reduced their consumption by x kg/month Reduced Consumption = (10-x) kg/month New 30% raised Price = 1.3P New Exp = 1.3P*(10-x) Given New Exp is only 10% more than initial exp, 1.3P*(10-x) = 1.1*10P 13P-1.3Px = 11P 2P = 1.3Px x = 20/13 Total new consumption = 10-x = 10- 20/13 = 110/13 The correct answer is Option (3) → $8\frac{6}{13}$ |