Price of a commodity has increased by 60%. By what per cent must a consumer reduce the consumption of the commodity so as not to increase the expenditure ? ?->(Show Answer!)

1. Price of a commodity has increased by 60%. By what per cent must a consumer reduce the consumption of the commodity so as not to increase the expenditure ?

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By: anil on 05 May 2019 02.01 am

in such questions a consumer should reduce his consumption to $$frac{100}{100 +- R}$$ x 100 as price are increased by 60% new consumption should be = $$frac{100}{100 + 60}$$ x 100 (used + sign as the percentage has been increased) = 62.5% hence decrease in consumption = 100 - 62.5 = 37.5%

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