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      Question

      If the price of a sugar bag is reduced by 40%, by what

      percentage should a family increase its consumption of sugar bags to ensure that their total expenditure on sugar remains unchanged?
      A 20.20% Correct Answer Incorrect Answer
      B 25.77% Correct Answer Incorrect Answer
      C 66.67% Correct Answer Incorrect Answer
      D 65.55% Correct Answer Incorrect Answer

      Solution

      ATQ;
      Let initial price of sugar bag be Rs. 100 per kg and initial consumption be 1 kg
      So, initial total expenditure = Rs. 100
      Reduced price of sugar bag = {100 – (40% of 100)} = Rs. 60
      So, new consumption = {100/60} = (5/3) kg
      Therefore, percentage increased = [{(5/3) – 1}/1] Γ— 100 = 66.67%

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