The cost of wheat reduced by 28%. How much percent its consumption increased such that the expenditure increases by 8%.Options50%30.24%36%20%
Question
The cost of wheat reduced by 28%. How much percent its consumption increased such that the expenditure increases by 8%.Options50%30.24%36%20%
Solution
Let's solve this step by step:
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Let's assume the original cost of wheat is 100 units. After a reduction of 28%, the new cost is 72 units.
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Let's also assume the original consumption is 100 units. If the expenditure increases by 8%, the new expenditure is 108 units.
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The expenditure is the cost of wheat multiplied by the consumption. So, 72 units (new cost) * X (new consumption) = 108 units (new expenditure).
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Solving for X, we get X = 108 / 72 = 1.5.
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This means the new consumption is 150% of the original consumption, or in other words, the consumption increased by 50%.
So, the answer is 50%.
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