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      Question

      If the price of the cooking gas is increased by 15%, by

      how many percent should a family reduce its consumption so as not to exceed its budget on cooking gas?
      A 14% Correct Answer Incorrect Answer
      B 13% Correct Answer Incorrect Answer
      C 17% Correct Answer Incorrect Answer
      D 13(1/23)% Correct Answer Incorrect Answer

      Solution

      Let the original consumption be 100 units.

      Price goes up by 15%, so new price per unit becomes 115% of the original.

      To keep the total cost the same = 100/115 Γ— 100 = 86.96Β units

      So, new consumption = 86.96 units

      Reduction = 100 - 86.96 = 13.04 units

      Percentage reduction = 13.04%

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