The price of wheat is decreased by 17.5%. If the expenditure on sugar is to be kept same then the ratio between increase in consumption to actual consumption will be:
Answer & explanation
Correct answer: option 4
Price × Consumption = Expenditure
*(If expenditure remains same the price is inversely proportional to consumption)
Therefore,
17.5% = \(\frac{7}{40}\)
Price ratio: 40 : 33
Consumption: 33 : 40
Hence,
Increase : Actual
Consumption: 7 : 33