The price of sugar is increased by 20%. If the expenditure is not allowed to increased. Then ratio between the reduction in consumption and the original consumption ?

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INSURANCE EXAMS (NICL) 2013 click here to view all questions

The price of sugar is increased by 20%. If the expenditure is not allowed to increased. Then ratio between the reduction in consumption and the original consumption ?

A1 : 3

B1 : 4

C1 : 6

D1 : 5

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Correct answer is: 1 : 6 Explanation: Reduction in consumption = $\frac{20}{120}\times 100\text{\%}=\frac{50}{3}\text{\%}$ ∴ Reduction in consumption /Original consumption = $\frac{\frac{50}{3}}{100}=\frac{1}{6}=1:6$ Nithin ? answered undefined All Comments

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