Sugar costing 20% more now shall compel a man to cut his consumption by what % even if he desires to raise his expenditure by 10%?
a) 7.9
b) 10
c) 130
d) 12.1
e) 8.3
a) 7.9
b) 10
c) 130
d) 12.1
e) 8.3
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Source: Beat The GMAT — Problem Solving |
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akshatmalhotra
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Correct Ans is (E). Assume Sugar to be at $100/kg<i class="em em-astonished"></i> and monthly budget at $600 which helps buy 5 kg but the revised price becomes $120/kg and monthly budget increases to $660. Thus, 660/120= 5.5 kg i.e. 0.5 kg & the reduction over original amount = 0.5/6 kg = 8.3%
