The price of wheat falls by 16%. By what percentage a person can increase the consumption of wheat so that… · ABC26GN2413
Subject: General Aptitude · Chapter: Percentage
The price of wheat falls by 16\%. By what percentage a person can increase the consumption of wheat so that his overall budget does not change?
(a)16\%
(b)18\%
(c)18.5\%
(d)19\%
Answer
Explanation
Increase in consumption $=\left[\frac{\mathrm{R}}{(100-\mathrm{R})} \times 100\right] \%$ $$\begin{aligned} & =\left(\frac{16}{84} \times 100\right) \% \\ & =\frac{400}{21} \%=19.04 \% \approx 19 \% \end{aligned}$$
Explanation as extracted from the printed page; notation may be imperfect.
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