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      Question

      If price of grains is increased by 50%, by how much

      percent a person has to decrease his consumption of grains so that expenditure on grain increases only by 17%.
      A 12% Correct Answer Incorrect Answer
      B 10% Correct Answer Incorrect Answer
      C 20% Correct Answer Incorrect Answer
      D 22% Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Sol. Let the original price of grain be Rs.100 per kg. and original consumption be 100 kg. original expenditure = 100 x 100 = Rs. 10,000 New price = Rs.150 per kg & new expenditure must be Rs. 10,000 New expenditure = new price x new consumption ⇒ 11700 = 150 x new consumption ⇒ new consumption = 11700/150= 78 kg. Decrease in consumption = 100 – 78 = 22 kg. % decrease in consumption = 22 %

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