yir-ytnf-wdbEvery month a man consumes 25 kg rice and 9 kg wheat. The price of rice is 20% of the price of wheat and thus​

Answers

Answer 1

The price of rice and consumption of wheat %decrease in the amount of rice is 36%.

What makes consumption so important?

One of the more complex concepts in economics, consumption is crucial since it influences the health and development of the economy. Businesses can start up and offer a variety of fantastic things, but if we don't buy or use them, they won't last very long.

Calculation:

Suppose wheat costs x per kilogram. Wheat will then cost 5 times as much per kilogram.

Expenditure on rice = 25*x = 25x.

Expenditure of wheat = 9*5x = 45x.

Total cost,

25x + 45x = 350.

70x = 350.

x = 5.

Hence, price of Rice = Rs. 5 per kg.

Price of wheat = 25 per kg.

price of wheat = 25 ---- 20% ----> Rs. 30 per kg.

Rice be N kg

N*5 + 9*30 = 350.

N = 16 kg.

Rice decrease as a percentage = [(25-16)*100]/25=36%.

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The complete question is -

Every month a man consumes 25 kg rice and 9 kg wheat. The price of rice is 20% of the price of wheat and thus he spends total Rs. 350 on the rice and wheat per month. If the price of wheat is increased by 20% then what is the percentage reduction of rice consumption for the same expenditure of Rs. 350? Given that the price of rice and consumption of wheat is constant :

A-4

B-25

C-36

D-24


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Answers

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Answers

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Answers

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Consider the scenario.

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Answers

Answer:

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Answers

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