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Q.The price of sugar increases by 20%, by what % should a housewife reduce the consumption of sugar so that expenditure on sugar can be same as before ?
Option
a) 15%
b) 16.66%
c) 12%
d) 9%
Read Solution (Total 15)
-
- As price increase and consumption are inversely proportional,
if one increases by 1/x then other should reduce by 1/(x+1)
hence 20% is 1/5, consumption should reduce by 1/6 = 16.66%
ANSWER => (b) - 13 years agoHelpfull: Yes(32) No(3)
- Percentage reduction in consumption when price hikes=(100*OriginalPrice)/(100+OriginalPrice)
So,.. (100*20)/(100+20)=2000/120=16.66 % - 9 years agoHelpfull: Yes(8) No(0)
- we take price as 100 so increased by 20% means it will become 120
100/120*100=83.33
so 100-83.33=16.66 - 8 years agoHelpfull: Yes(5) No(0)
- they are inversely proportional
x/(120x/100)=(1-k/100)y/y
- 11 years agoHelpfull: Yes(2) No(2)
- for expenditure on sugar should be same,
if one increases by 1/x then other should reduce by 1/(x+1)
hence 20% is 1/5, consumption of sugar should reduce by 1/6 = 16.66%
options - b) 16.66% - 8 years agoHelpfull: Yes(1) No(0)
- formula =a/(100+a)*100
20/(100+20)*100
=16.66% - 6 years agoHelpfull: Yes(1) No(0)
- Price accomodity increases by R% , ( R/(100+R))% is increase in consumption,so( 20/120)*100=16.66%
- 8 years agoHelpfull: Yes(0) No(0)
- **If price increase by R% ,then reduction in consumption is(R/(100+R))% ,if price decrease by R%,increase in consumption is(R/(100-R))%
- 8 years agoHelpfull: Yes(0) No(0)
- 16.6
100/120*100=83.33
so 100-83.33=16.66 - 7 years agoHelpfull: Yes(0) No(0)
- B) AS 20/100=1/5 increase 5 to 6 1/6 is the answer]
- 7 years agoHelpfull: Yes(0) No(0)
- (100*20)/(100+20)=2000/120=16.66 %
- 7 years agoHelpfull: Yes(0) No(0)
- 100->120->100
120-100=20
(20/120)*100=16.66 - 6 years agoHelpfull: Yes(0) No(0)
- it's b.16.66%
an increase in 20% should be compensated
initially assume consumption is 100%
So increased consumption is 120% and the decrease in amount would be (20%/120%)*100 =16.66% - 6 years agoHelpfull: Yes(0) No(0)
- 1/n increase = 1/n+1 decrease
The price of sugar increases by 20% (1/5) and hence the housewife should reduce the consumption of sugar by 16.66% (1/6) so that expenditure on sugar can be same as before - 6 years agoHelpfull: Yes(0) No(0)
- price ▒1/consumption;
price inc 20% which is 1/x..=1/5
consimption=1/1+x..=1/(5+1)=1/6=16.66% - 5 years agoHelpfull: Yes(0) No(0)
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