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If the price of a commodity be raised by 20% find by how much percent must a householder reduce his consumption of that commodity so as not to increase his expenditure....Give answer with solution..... if u know then tell me only....No need to give wrong answers......And plz thanks my all answer❤️ |
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Answer» heya Step-by-step explanation: Let INITIALLY consumers consumes X AMOUNT in RS.100x after price increase by 40%, Now consumers consumes y amount in RS.140y According to the question, 100x=140y ⟹ x y
= 140 100
⟹1− x y
=1− 140 100
⟹ x x−y
= 140 140−100
%DECREASE in comsumption= x x−y
×100= 140 40
×100=28.57% |
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