The price of a commodity is increased by 40 %. By what percent should a consumer reduce his consumption so that his expenditure on the commodity remains constant?

Question

The price of a commodity is increased by 40 %. By what percent should a consumer reduce his consumption so that his expenditure on the commodity remains constant? (A) 25 (4/7) % (B) 26 (4/7) % (C) 27 (4/7) % (D) 28 (4/7) %

Tardigrade Admin · Accepted Answer

Let the original price be ₹ 100 x.

Q. The price of a commodity is increased by $40%$ . By what percent should a consumer reduce his consumption so that his expenditure on the commodity remains constant?

$25 \frac{4}{7} %$

$26 \frac{4}{7} %$

$27 \frac{4}{7} %$

$28 \frac{4}{7} %$

Let the original price be ₹ $100 x$ .

Q. The price of a commodity is increased by 40%. By what percent should a consumer reduce his consumption so that his expenditure on the commodity remains constant?

2574​%

2674​%

2774​%

2874​%