The price of certain item is increased by 15%. If a consumer
The price of certain item is increased by 15%. If a consumer wants to keep his expenditure on the item the same as before, how much percent must he reduce his consumption of that item?
A
B
C
D
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Answer is : 13 (1/23)
Explanation:
Formula
Percentage decrease = p×mp+m, where m is the original percentage and p is price.Let us Consider Initial price is 100
and m is 15% => 15
Therefore
Percentage decrease in sugar case
=100×15100+15
=1500115
=30023
=13 + 123% decrease.
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