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?

A    10

B    9

C    9.09

D    10.01

Solution

Correct Answer: Option C

 

at  10% increase,

if   current price  is 110 tk then previous price is 100 if    "          "       "  1    tk   then  previous price is 100/110 if  "           "       "   100 tk    then   "            "     "   100 X 100/110=90.09

 

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