Price of a commodity has increased by 60%. By what percent must a consumer reduce the consumption of the commodity so as not to increase the expenditure ?

Price of a commodity has increased by 60%. By what percent must a cons

1.	Price of a commodity has increased by 60%. By what percent must a consumer reduce the consumption of the commodity so as not to increase the expenditure ?
A.	37%
B.	37.5%
C.	40.5%
D.	60%
Answer» C. 40.5%

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Price of a commodity has increased by 60%. By what percent must a consumer reduce the consumption of the commodity so as not to increase the expenditure ?

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