Practicing Success
The price of sugar increases by 15%. By what percentage should the consumption of sugar be decreased so that the expenditure on the purchase of sugar remains the same? [Give your answer correct to 2 decimal places.] |
11.11% 12.5% 14.16% 13.04% |
13.04% |
15% = \(\frac{3}{20}\) Ratio , Initial : Final Price 20 : 23 Consumption 23 : 20 { consumption ∝ \(\frac{1}{Price}\) } Required percentage = \(\frac{23-20}{23}\) × 100 = 13.0434% = 13.04% (approx) |