Please enter the following details
Free Daily Targets & Mocks
Study Material & Formulas PDFs
1 on 1 Mentorship
Question 131
The price of a commodity rises from Rs. 6 per kg to Rs. 7.50 per kg. If the expenditure cannot increase, the percentage of reduction in consumption is
Solution
Price changes from 6 per kg to 7.5 per kg
let's say consumption changes from y to t.
So expenditure will be changed from 6y to 7.5t which is equal.
Hence 6y = 7.5t
or     t = $$\frac{4y}{5}$$
Percentage change in consumption =Â $$\frac{\frac{y}{5}}{y} \times 100$$
Create a FREE account and get:
- Free SSC Study Material - 18000 Questions
- 230+ SSC previous papers with solutions PDF
- 100+ SSC Online Tests for Free
