When the price of sugar gets raised by 20%, a person increases his exp – McqOptions

MCQOPTIONS

1.	When the price of sugar gets raised by 20%, a person increases his expenditure on sugar only by 12%. By what percentage (correct up to two decimal places) should he reduce his consumption of sugar so as to be able to maintain the same level of expenditure?
A.	6.25%
B.	6.67%
C.	7.05%
D.	5.25%
Answer» C. 7.05%

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