The price of oil is increased by 20%. However, its consumption decreas – McqOptions

MCQOPTIONS

1.	The price of oil is increased by 20%. However, its consumption decreased by \(8\frac{1}{3}\% \). What is the percentage increase or decrease in the expenditure on it?
A.	Increase by 5%
B.	Decrease by 5%
C.	Decrease by 10%
D.	Increase by 10%
Answer» E.

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