The price of tomato increases by 10%. The consumption of tomato decreases by 15%. What is the percentage change in the expenditure on tomatoes? |
8% decrease 7.5% decrease 6.5% decrease 7% decrease |
6.5% decrease |
10% = \(\frac{1}{10}\) & 15% = \(\frac{3}{20}\) Ratio of , Initial : New Price 10 : 11 Consumption 20 : 17 ------------------------------------------------------- Expenditure 200 : 187 { Expenditure = Price × Consumption } Percentage decrease in Expenditure = \(\frac{200 - 187}{200}\)×100 = \(\frac{13}{200}\)×100 = 6.5% decrease |