In spite of an increase in the price of a commodity by 20%, the overall expenditure on it increases by 12%. What is the percentage decrease in the quantity of commodity consumed?

In spite of an increase in the price of a commodity by 20%, the overal

1.	In spite of an increase in the price of a commodity by 20%, the overall expenditure on it increases by 12%. What is the percentage decrease in the quantity of commodity consumed?
A.	\(6\frac{2}{3}\)
B.	\(7\frac{1}{2}\)
C.	8
D.	\(7\frac{1}{3}\)
Answer» B. \(7\frac{1}{2}\)

Discussion

No Comment Found

Related MCQs

What was the percentage of discount given?_x000D_ I. _x000D_ 23.5% profit was earned by selling an almirah for Rs. 12,350._x000D_ II. _x000D_ If there were no discount, the earned profit would have been 30%._x000D_ III. _x000D_ The cost price of the almirah was Rs. 10,000.
What is the percent profit earned by the shopkeeper on selling the articles in his shop? I. Labeled price of the articles sold was 130% of the cost price. II. Cost price of each article was Rs. 550. III. A discount of 10% on labeled price was offered.
By selling an article what is the profit percent gained? I. 5% discount is given on list price. II. If discount is not given, 20% profit is gained. III. The cost price of the articles is Rs. 5000.
A man mixes two types of rice (X and Y) and sells the mixture at the rate of Rs. 17 per kg. Find his profit percentage. I. The rate of X is Rs. 20 per kg. II. The rate of Y is Rs. 13 per kg.
A shopkeeper sells some articles at the profit of 25% on the original price. What is the exact amount of profit? To find the answer, which of the following information given in Statements I and II is/are necessary? I. Sale price of the article II. Number of articles sold
By selling a product with 20% profit, how much profit was earned? I. The difference between cost and selling price is Rs. 40. II. The selling price is 120 percent of the cost price.
A shopkeeper sells some toys at Rs. 250 each. What percent profit does he make? To find the answer, which of the following information given in Statements I and II is/are necessary? I. Number of toys sold. II. Cost price of each toy.
Divide Rs. 305 into three parts, so that 3/7 of the first, 2/3 of the second and 4/5 of the third are equal. Find the share of the third one.
If 20% of marked price is equal to 30% of cost price. If no discount is given, then what will be the profit percentage?
A shopkeeper cheats to the extent of 8% while buying and selling fruits, by using tampered weights, his total gain in percentage is :

In spite of an increase in the price of a commodity by 20%, the overall expenditure on it increases by 12%. What is the percentage decrease in the quantity of commodity consumed?

Discussion

No Comment Found

Related MCQs

Reply to Comment