SSC CHSL 2024 PYQ — Question 61

SSC CHSL - 04 July 2024 - Shift 4 • Quantitative Aptitude • Q61

If the price of tea is increased by 40%, by how what percentage must the consumption of tea be decreased so as not to increase the expenditure?

Show answer & explanation

Correct answer: D

Explanation

The correct answer is option 4 i.e.  284728\frac{4}{7} %.

Expenditure = Price × Consumption

Let the original price be ₹100

So, the new price = ₹140

Let Original Consumption = 1 unit

Here, 100 × 1 = 140 × New Consumption

⇒ New Consumption = 100/140 = 5/7

Decrease in Consumption = 1 - (5/7) = 2/7

Percentage decrease = (2/7) × 100 = 284728\frac{4}{7}%

Therefore, the consumption of tea should be decreased by 284728\frac{4}{7}%.