The price of onions has been increased by 50 In order to keep the expenditure on onions the same the...........

Quant (SSC) Percentage

The price of onions has been increased by 50%. In order to keep the expenditure on onions the same the percentage of reduction in consumption has to be

50%

33 1/3%

33%

30%

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Explanation:

If the price of a commodity increases by r%, then the reduction in consumption so as not to
Increase the expenditure, is (r/100 + r x 100)%
Given;
r is the increased price = 50
By the short trick approach, we get
= (50 / 100 + 50 x 100)%
= 50 /150 x 100% = 33 1/3%