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 :
A. 15%
B. 20%
C. 25%
D. 30%
Answer: Option B
Solution(By Examveda Team)
Gain in price = 7.5 - 6 = 1.5Required percentage reduction
= $$\frac{1.5}{7.5}$$ × 100
= 20%
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A. $$\frac{1}{4}$$
B. $$\frac{1}{3}$$
C. $$\frac{1}{2}$$
D. $$\frac{2}{3}$$
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