Multiple Choice Questions on The price of sugar is increased by 20 A person wants to increase his expenditure by 8 only By what p........... for SSC CGL Exam Preparation

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    The price of sugar is increased by 20%. A person wants to increase his expenditure by 8% only. By what percent should he decrease his consumption?

    This questions was previously asked in
    SSC CGL 10 June 2019 Shift-2

    10% 

    Correct Answer

    11%

    Incorrect Answer

    9%

    Incorrect Answer

    12%

    Incorrect Answer
    Explanation:

    _{120}^{100\times 100} = 88.33 kg Let the man have Rs 100 and price of 100 kg sugar is Rs 100
    Now price is increased,
    New price of sugar = Rs 120 for 100 kg
    And man his increase his expenditure by 8% = Rs 108
    So, man will buy in Rs 108 = _{120}^{100\times 108} = 90 kg
    So he have to decrease his consumption by 100 - 90 = 10%


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