The cost of wheat reduced by 28%. How much percent its consumption increased such that the expenditure increases by 8%.
Question
The cost of wheat reduced by 28%. How much percent its consumption increased such that the expenditure increases by 8%.
Solution
Let's solve this step by step:
Step 1: Let's assume the initial cost of wheat is 100 units. After a reduction of 28%, the new cost of wheat is 72 units.
Step 2: Let's also assume the initial consumption of wheat is 100 units. If the expenditure increases by 8%, the new expenditure is 108 units.
Step 3: Since expenditure is the product of cost and consumption, we can set up the equation 72 * new consumption = 108 * 100.
Step 4: Solving for new consumption, we get new consumption = (108 * 100) / 72 = 150 units.
Step 5: Therefore, the consumption of wheat increased by 50%.
Similar Questions
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%.Options28%30%24%25%
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%
Select the correct answerIf the price of gold increases by 40% find the percentage decrease in the quantity of gold purchased by a man who can afford only a 20% increase in expenditure in the purchase of gold?Options14.29%16.67%20%33.33%
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?
How many kilograms of wheat costing Rs.8 per kg must be mixed with 36 kg of rice costing Rs.5.40 per kg so that 20% gain may be obtained by selling the mixture at Rs.7.20 per kg?
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.