Knowee
Questions
Features
Study Tools

The cost of Jowar increased by 12%. How much percent its consumption also be increased such that the expenditure on it’s raised by 40%.

Question

The cost of Jowar increased by 12%. How much percent its consumption also be increased such that the expenditure on it’s raised by 40%.

🧐 Not the exact question you are looking for?Go ask a question

Solution

The question seems to be asking for the percentage increase in consumption of Jowar, given that the cost has increased by 12% and the total expenditure has increased by 40%. However, the question seems to be logically incorrect. If the cost of Jowar increases by 12%, and the expenditure on it increases by 40%, it means that the consumption of Jowar has to decrease, not increase.

Here's why:

Let's assume the initial cost of Jowar is 1perkg,andyouwereconsuming1kg.So,yourtotalexpenditurewas1 per kg, and you were consuming 1 kg. So, your total expenditure was 1.

Now, the cost of Jowar has increased by 12%, so the new cost is $1.12 per kg.

If your expenditure has increased by 40%, it means you are now spending $1.40.

So, the new quantity of Jowar you can buy with 1.40attherateof1.40 at the rate of 1.12 per kg is 1.40/1.12 = 1.25 kg.

This means your consumption has actually increased by 25%, not decreased.

So, the question seems to be incorrect. If the cost of Jowar increases and you want your expenditure to also increase, you would have to decrease your consumption, not increase it.

This problem has been solved

Similar Questions

The price of a commodity is increased by 5% in India. The consumption of same was increased from 400 tons to 480 tons. By how much percentage will the expenditure on the article rise in Indian economy?28%26%25%27%

The cost of wheat reduced by 28%. How much percent its consumption increased such that the expenditure increases by 8%.

he price of a certain food items was raised by 12% in market. The consumption of the same food items was decreased from 250 kgs to 200 kgs. By how much percent will expenditure on food item fall in the market?

A trader buys jowar at Rs.30 per kg. 20% of the grain gets wasted. He plans to sell the remaining grain so that he makes 40% overall profit. At what price (in Rs. per kg) should he sell the grain?Options4852.547.550

Last month, the online price of a scooter was $35. This month, the online price is $56. What is the percent of increase for the price of the scooter?

1/3

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.