Multiple Choice Questions on A reduction of 10 in the price of sugar enables a housewife to buy 6 2 kg more for Rs 1116 The........... for SSC CGL Exam Preparation

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Indian Economy - Understanding the basics of Indian economic system

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     A reduction of 10% in the price of sugar enables a housewife to buy 6.2 kg more for Rs.1116. The reduced price per kg is ?

    Rs.12

    Incorrect Answer

     Rs.14

    Incorrect Answer

    Rs.16

    Incorrect Answer

    Rs.18

    Correct Answer
    Explanation:

    Where we want to keep the expenditure same, There the Price ratio and Quantity ratio is in reverse order.

    Price Ratio:-

    10 : 9

    Quantity Ratio:-

    9 : 10

    Increased Value of Quantity => 1 unit ---------> 6.2 kgs

                                               => 10 units --------> 10 * 6.2 = 62 kgs.

    Now 62 kgs is bought in Rs.1116.

    So New(Reduced) price per kg is => 1116/62 = 18 Rs./kg


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