The price of sugar increased by 10%. What % of consumption of sugar is to be reduced in order to keep the expenditure on sugar at the same level?
Solution
Correct Answer: Option C
10% increase,
New price will be Tk. 110 if old price is Tk. 100
So, " " " " 1 " " " 100/110
So, " " " " 100 " " " (100×100)/110 = 90.91
So, 100-90.91 = 9.09
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