If the price of wheat increases by 30%, by how much percent must consumption be reduced to keep expenditure constant? MCQ with Answer and Explanation

If the price of wheat increases by 30%, by how much percent must consumption be reduced to keep expenditure constant?
A. 23.08%
B. 25%
C. 20%
D. 22.5%
Answer: Option A
Solution (By JKExamLibrary)
Reduction % = (30/130)×100 ≈ 23.08%.

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Practice More Percentage Questions

Question #1
Number of boys 20% more than girls, total 88. Number of boys:
A. 48
B. 40
C. 44
D. 52

Correct Answer: Option A


Explanation:
Girls = x, boys = 1.2x, total 2.2x=88 → x=40, boys=48.

This question belongs to: Maths Percentage
Question #2
A number increased by 25% then by 20% becomes 180. Original number:
A. 100
B. 120
C. 130
D. 110

Correct Answer: Option B


Explanation:
x × 1.25 × 1.2 = 1.5x = 180 → x = 120.

This question belongs to: Maths Percentage
Question #3
The present population of a town is 10,890. If it increases by 10% yearly, what was its population 2 years ago?
A. 9500
B. 10000
C. 8000
D. 9000

Correct Answer: Option D


Explanation:
P_past = P_present / (1 + R/100)^2 = 10890 / (1.10)^2 = 10890 / 1.21 = 9000.

This question belongs to: Maths Percentage