1. Price of sugar increases by 30%. If expenditure increases by only 10%, then by how much per cent consumption should decrease ?





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  • By: anil on 05 May 2019 02.27 am
    Let price of sugar = Rs. 10/kg and consumption = 10 kg => Expense on sugar = Rs. 100 New price = $$frac{130}{100} imes10=Rs.$$ $$13$$ New expenditure = $$frac{110}{100} imes100=Rs.$$ $$110$$ => New consumption = $$frac{110}{13}=8.46$$ kg $$ herefore$$ Decrease in consumption = $$frac{(10-8.46)}{10} imes100=15.4approx15.38\%$$ => Ans - (B)
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MCQ-> Read carefully the four passages that follow and answer the questions given at the end of each passage:PASSAGE I The most important task is revitalizing the institution of independent directors. The independent directors of a company should be faithful fiduciaries protecting, the long-term interests of shareholders while ensuring fairness to employees, investor, customer, regulators, the government of the land and society. Unfortunately, very often, directors are chosen based of friendship and, sadly, pliability. Today, unfortunately, in the majority of cases, independence is only true on paper.The need of the hour is to strengthen the independence of the board. We have to put in place stringent standards for the independence of directors. The board should adopt global standards for director-independence, and should disclose how each independent director meets these standards. 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