Percentage Problem
Problem
The price of a product increased by 20%. By what percentage should consumption be reduced to keep expenditure same?
Solution
Let original price = ₹100, consumption = 100 units
New price = ₹120
Original expenditure = ₹10,000
New consumption = 10,000 / 120 = 83.33 units
Reduction = (100 - 83.33) / 100 × 100 = 16.67%