Arithmetichard · Past Paper
If the price of a commodity is increased by 50%, by what fraction must its consumption be reduced so as to keep the same expenditure?
A1/4
B1/3
C1/2
D2/3
✓ Correct Answer: B — 1/3
Reduction % = (50/150)*100 = 33.33% = 1/3.
Share this question
More from Arithmetic
- If 40% of a number is equal to two-third of another number, what is the ratio of first number to the second number?
- The ratio of the volumes of two spheres is 8:27. What is the ratio of their surface areas?
- At what rate of SI will the interest on a certain sum be 0.125 times the principal in 2.5 years?
- A mixture of 20kg of salt and water contains 10% salt. How much water must be added to make it a 5% salt mixture?
- Find 12.5% of 800.