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The price of a commodity rises from Rs 6 per kg...

This question belongs to Arithmetic Ability Percentage
Percentage
?

The price of a commodity rises from Rs. 6 per kg to Rs. 7.50 per kg. If the expenditure cannot increase, the percentage of reduction in consumption is :

Answer & Solution
Correct Answer: Option B
Gain in price = 7.5 - 6 = 1.5
Required percentage reduction
= $$\frac{1.5}{7.5}$$ × 100
= 20%
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