Tue price of sugar rises by 33%. By what percent should a family reduce the consumption of sugar, so as NOT to increase the expenditure?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 24.8
Let's assume the initial cost of the sugar = Rs 100
after 33% incresed new price = 100 × 133/100 = 133
Initial : Final
Price 100 : 133
Comsumption 133 : 100
Expenditure 13300 : 13300
So, reduction in consumption = (133 - 100)/133 × 100 = 24.8%