After the GST, market price of loose sugar decrease by 25% because of which Kavya now is able to buy 1 kg more sugar for Rs. 30. Find the reduced rate of sugar per kilogram.
Explanation:
We know that,
Expenditure = Price × Consumption
Keeping the expenses constant between price and consumption if one goes up,
the other goes down and vice-versa.
Ex. If price goes up by 25% (1/4), then the consumption should go down by,
= 1 /4+1 = 1/5 = 20% to keep the expenses same.
Here, reduction in price = 25% = 1/4 ,
= 1 /4-1 = 1/3 = 1 kg.
∴ Increase in consumption will be
Which means kavya initially used to buy 3 kg sugar for 30/-
∴ Initial price of sugar = 30/3 = 10
∴ Reduced price = (100 – 25)% of 10/-
= 75 × 10 = 7.5 or 7 1/2
By: Amit Kumar ProfileResourcesReport error