Banking Exams Quant — Question 1779
Question
If the price of sugar rises by 25%, by what percent must a family reduce its consumption so that the expenditure on sugar remains unchanged?
- 15%
- 20%
- 25%
- 22%
Correct answer
B — 20%
Explanation (English)
Reduction % = increase / (100 + increase) × 100 = 25/125 × 100 = 20%. Check: price ×1.25, consumption ×0.80, product = 1 (unchanged).
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