If the price of honey increases by 15%, by what percentage a housewife should reduce the consumption of honey so that expense is not increased?
- AOption (a)
15%
- BOption (b)
13%
- COption (c)
9%
- DOption (d)
11%
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Correct answer
13%
Why this answer is correct
Given:
Price increase of honey = 15%
Formula Used:
Let the original price be P and the reduced consumption be C.
New price = P + 0.15P = 1.15P
To keep the expense the same: P × C = 1.15P × (1 - x)
where x is the percentage reduction in consumption.
Calculation:
P × C = 1.15P × (1 - x)
⇒ C = 1.15 × (1 - x)
Since expense is not increased, C = 1
⇒ 1 = 1.15 × (1 - x)
⇒ 1 = 1.15 - 1.15x
⇒ 1.15x = 1.15 - 1
⇒ 1.15x = 0.15
⇒ x = 0.15 / 1.15
⇒ x = 0.1304
⇒ x ≈ 13%
The correct answer is option 2.
