The price of rice goes up by 25%. By how much should the consumption of rice be reduced to keep the total expenditure on rice at the previous level?

A    25%

B    20%

C    33.3%

D    24%

Solution

Correct Answer: Option B

 

At 25% rise, current price=100+25=125 tk in 125 taka there is 25 tk in  1 taka there is 25/125 tk in 100 taka there is 25 x 100/125 tk=20%

 

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