The price of sugar has fallen by 10%. How many quintals can be bought for the same money which was sufficient to buy 18 quintals at the higher price?
Explanation:
Let p be the original price/unit, consumption q = 18 quintals
And expenditure e = p × 18 quintals
10% reduction in price means that new price = 0.9p
We are now required to find consumption x, such that 0.9px = p × 18
⇒ x = 18/0.9 = 20 quintal.
Alternately,
Let the % change in consumption be C%.
Net change in expenditure = 0 = -10 + C + -10×C100
Solving this we get C = 11.11%
Hence, new consumption = 181+11.11100 = 181+19 = 18 × 109 = 20 quintals.
Alternately, Price becomes (1 - 10/100) = 9/10 times.
For expenditure to remain constant, consumption should become 10/9 times.
∴ consumption at lower price = 18 × 10/9 = 20 quintals.
Hence, option (a).
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