If the price of petrol is increased by 81%, by what percentage should the consumption of petrol be decreased by the consumer if the expenditure on petrol remains unchanged? (Correct to two decimal places)
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 44.75%.
Let the initial price petrol be Rs.100 per liter.
According to the given question,
New price of the petrol = 181% of 100 = Rs.181
Required percentage =
⇒ = 44.75%
Hence the consumption should be decreased by 44.75%.