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The price of oil is increased by 25%. If the expenditure is not allowed to increase, the ratio between the reduction in consumption and his original consumption is

 

(a)

1:3

(b)

1:4

(c)

1:5

(d)

1:6



Question ID - 57370 | SaraNextGen Top Answer

The price of oil is increased by 25%. If the expenditure is not allowed to increase, the ratio between the reduction in consumption and his original consumption is

 

(a)

1:3

(b)

1:4

(c)

1:5

(d)

1:6

1 Answer
127 votes
Answer Key / Explanation : (c) -

Let the original consumption be 1 unit costing Rs. 100.

New cost = Rs. 125. New consumption =  unit.

 i.e., 1:5.

127 votes


127