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The price of sugar is increased by 22 % . A person wants to increase his expenditure by 12% only. By what percent should he
decrease his consumption, nearest to one decimal place?
10%
8.2%
7.8%
8.6%
- The price of sugar has increased by 22%.
- The person wants to limit the increase in expenditure to only 12%.
- To find out the percent decrease in consumption, we use the formula: Required Decrease in Consumption=Increase in Price−Desired Increase in Expenditure1+Increase in Price
- Plugging in the numbers: Percent Decrease=0.22−0.121.22
- Simplifying: Percent Decrease=0.101.22≈0.081967
- Converting this into a percentage: ≈8.2%
- ?? Correct option: 2, 8.2%
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