Question
Price of LPG cylinder increased from Rs.740 to Rs. 925
goes. How many percent reduction in consumption should not change the amount spent on LPG cylinders? (% In)Solution
The difference in Price = Current Price - Initial Price = 925-740 = 185 Percentage Increase = (Difference in Price /Current Price) Ă— 100 = (185/925) Ă—100 = 20 Hence, to keep the amount spent on LPG cylinders the same, consumption should be reduced by 20%.
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