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The price of cooking oil increased by 25%. Find by how much percentage a family must reduce its consumption in order to

maintain the same budget?

This questions was previously asked in

SSC CGL 9th March 2020 Shift-3

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70%

80%

30%

20%

Explanation:

By the formula,
Decrements in the consumption in order to maintain the same budget = $$\frac{increment in the rate}{100 + increment in the rate}
\times 100$$
= $$\frac{25}{100 + 25} \times 100 = \frac{25}{125} \times 100 = 20%

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