Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Percentages

Question:

The price of cooking oil has increased by 25%. By what percent should a family reduce the consumption of cooking oil so as not to increase the expenditure in this account?

 

Options:

18

20

25

30

Correct Answer:

20

Explanation:

Let,

Initial -------Price = 100     Quantity = 10         Expenditure (P x Q) = 1000

After --------Price = 125     Quantity = x [8]          Expenditure (P x Q) = 1000

So, 

Quantity = \(\frac{ 1000}{125 }\) = 8 

Initial qty = 10, New qty = 8

Reduction = \(\frac{2 }{10 }\) x 100 = 20%