Practicing Success
When the price of rice is increased by 28%, a family reduced its consumption in such a way that the expenditure on rice is only 20% more than before. If 48 kg was consumed per month before, then the new consumption per month is: |
44 kg 45 kg 47 kg 42 kg |
45 kg |
Let price is 100 and consumption also 100. Latest price is 100 +28 = 128 and consumption = 100 + 20 = 120. Consumption has to reduce 128 - 120 = 8. Now, out of 128, family has to reduce 8. So, out of 48, family has to reduce \(\frac{8}{128}\) × 48 = 3. New monthly consumption = 48 - 3 = 45 |