Arithmeticmedium · Past Paper
Price of sugar increases by 20%. By what percentage must a consumer reduce consumption so that expenditure remains same?
A20%
B16.67%
C25%
D15%
✓ Correct Answer: B — 16.67%
Reduction % = [r/(100+r)] * 100 = [20/120] * 100 = 100/6 = 16.67%.
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