Raghav earns Rs. 20,000 per month. Given in the table below is his monthly family budget.Read the table to answer the question. Item Expenditures in Rs (per month) Housing 5,500 Food 5,000 Education of 2 Children 2,500Transportation4,500 (Rs. 75 per litre and 2 litre per day)Health Care1000Other necessities1500The government has decided to increase the prices of petrol by Rs. 3 per litre. What will happen to Raghav’s family budget? And how will it effect his family?

Raghav earns Rs. 20,000 per month. Given in the table below is his mon

1.	Raghav earns Rs. 20,000 per month. Given in the table below is his monthly family budget.Read the table to answer the question. Item Expenditures in Rs (per month) Housing 5,500 Food 5,000 Education of 2 Children 2,500Transportation4,500 (Rs. 75 per litre and 2 litre per day)Health Care1000Other necessities1500The government has decided to increase the prices of petrol by Rs. 3 per litre. What will happen to Raghav’s family budget? And how will it effect his family?
Answer» The increase in the price of petrol influence the every family’s expenditure. Raghava’s family budget on transportation is increasing from Rs. 4,500 to 4,680 due to hike in petrol prices. Along with transportation important daily commodities prices also increases. So, Raghava family should reduce their daily expenditure to fulfill needs. It effect on Raghava’s family very badly.