Practicing Success
The price of rice is decreased by 10%. Find by how much percent a man should increases his consumption so that the expenditure remains same? |
11\(\frac{1}{9}\)% 11 % 15\(\frac{1}{9}\)% 16\(\frac{2}{3}\) |
11\(\frac{1}{9}\)% |
Price × Consumption = Expenditure *(If expenditure remains same the price is inversely proportional to consumption) Therefore, 10% = \(\frac{1}{10}\) Price ratio: 10 : 9 Consumption: 9 : 10 ⇒ 1 (increased by) Hence, Increased percentage = \(\frac{1}{9}\) × 100% = 11\(\frac{1}{9}\)% |