Question
The price of sugar is increased by 35%. If the
expenditure is not allowed to increase, the ratio between the reduction in consumption and the original consumption is:Solution
Let the price of sugar was Rs. x per kg. After increase in price, new price per kg = x + (x × 35/100) = 27x/20 For Rs. 27x/20 we get 1 kg of sugar. For Re. 1 we get 20/27x kg of sugar. For Rs. x we get 20/27 kg of sugar. Decrease in consumption of sugar = 1 – 20/27 = 7/27 Required ratio = 7/27 : 1 = 7:27
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He who will bid the highest will get the product.
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