TestUstad

The price of a certain item is increased by 15 %. If a consumer wants to keep his expenditure on the item same as before how much percent must he reduce his consumption of that item?

Correct answer: B. 13 1/23 %

  • A. 10 20/23 %
  • B. 13 1/23 %
  • C. 16 2/3 %
  • D. 15 %

Explanation

Let the original price and consumption be P and Q. With a 15% increase, the new price is 1.15P, so unchanged expenditure requires consumption Q ÷ 1.15 = 20Q/23; the reduction is 3Q/23, or 3/23 × 100 = 13 1/23%. A student may choose 15% by assuming consumption must fall by exactly the same percentage as the price rises.

Written and checked by , MS Computer ScienceLast updated
Report an error

The more specific you are, the faster it gets fixed. A source beats an opinion.

Prefer email? [email protected]

About Percentages

Percentages express a quantity as parts per hundred and support calculations involving increases, decreases, discounts, commissions, taxes, and successive changes. Questions require distinguishing percentage change from percentage points and identifying the original value when a final value and its percentage change are given.

Practise Arithmetic

1,060 free Arithmetic MCQs from Mathematics, each with the correct answer and an explanation. Unlimited attempts, no account needed.

Start a free Arithmetic testAll Arithmetic MCQs

Discussion

Stuck on an option, or know a faster way to get there? Ask or explain it here.

No comments yet. Be the first to explain this one.

Exams that ask Mathematics questions like this

Mathematics is on 76 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.

Lecturer Mathematics Test Mathematics80 MCQsNET Mathematics80 MCQsSubject Specialist Mathematics Test Mathematics80 MCQsATS Mathematics30 MCQsCA QAT Mathematics30 MCQsCTS Mathematics30 MCQsECAT Mathematics30 MCQsETEA Engineering Admission Test Mathematics30 MCQsETEA Recruitment Tests Mathematics30 MCQsGAT General Mathematics30 MCQsGIKI Mathematics30 MCQsNAT Mathematics30 MCQsNED Mathematics30 MCQsNTS Mathematics30 MCQsOTS Mathematics30 MCQsPIEAS Mathematics30 MCQsPTS Mathematics30 MCQsSTS Mathematics30 MCQsUTS Mathematics30 MCQsBCAT Mathematics25 MCQsISSB Mathematics25 MCQsCSS MPT Mathematics20 MCQsPAF Mathematics20 MCQsPAF Airman Mathematics20 MCQsPakistan Army Commissioned Officer Test Mathematics20 MCQsPakistan Navy Test Mathematics20 MCQsPatwari Test Mathematics20 MCQsPMA Long Course Test Mathematics20 MCQsPMD Mathematics20 MCQsComputer Operator Test Mathematics15 MCQsDEO Mathematics15 MCQsEducators ESE Test Mathematics15 MCQsEducators SESE Test Mathematics15 MCQsEducators SST Test Mathematics15 MCQsFBR Mathematics15 MCQsJEST Mathematics15 MCQsJunior Clerk Test Mathematics15 MCQsLAT Mathematics15 MCQsNADRA Mathematics15 MCQsPST Mathematics15 MCQsSub Registrar Test Mathematics15 MCQsAJKPSC Mathematics10 MCQsAssistant BS-16 Test Mathematics10 MCQsBPSC Mathematics10 MCQsECP Mathematics10 MCQsFIA Mathematics10 MCQsFPSC Mathematics10 MCQsGBPSC Mathematics10 MCQsIB Mathematics10 MCQsIntelligence Officer Mathematics10 MCQsKPPSC Mathematics10 MCQsMES Mathematics10 MCQsNAB Mathematics10 MCQsNational Highways and Motorway Police Test Mathematics10 MCQsPakistan Railways Recruitment Test Mathematics10 MCQsPCS Mathematics10 MCQsPIA Mathematics10 MCQsPPSC Mathematics10 MCQsPunjab Police ASI Test Mathematics10 MCQsPunjab Police Sub Inspector Test Mathematics10 MCQsSNGPL Mathematics10 MCQsSPSC Mathematics10 MCQsSub Engineer Civil Test Mathematics10 MCQsSub Engineer Electrical Test Mathematics10 MCQsSub Engineer Mechanical Test Mathematics10 MCQsTehsildar and Naib Tehsildar Test Mathematics10 MCQsWAPDA Mathematics10 MCQsANF Mathematics5 MCQsASF Mathematics5 MCQsCTD Mathematics5 MCQsElite Police Force Test Mathematics5 MCQsPakistan Army Soldier Test Mathematics5 MCQsPakistan Rangers Test Mathematics5 MCQsPERA Force Test Mathematics5 MCQsPunjab Police Constable Test Mathematics5 MCQsRescue 1122 Test Mathematics5 MCQs

More Percentages questions

Candidates in a competitive examination consisted of 60% men and 40% women 70% men and 75% women cleared the qualifying test and entered the final test where 80% men and 70% women were successful? Which of the following statements is correct?

In a town 45% population read magazine A, 55% magazine B, 40% read Magazine C, 30% read magazines A and B, 15% read magazines B and C, 25% read magazines A and C and 10% read all the three magazines. What percentage do not read any magazine?

In a test a candidate attempted only 8 Questions and secured 50% marks in each of the questions if the obtained a total of 40% in the test and all questions in the test carried equal marks, how many questions were there in the test?

If the numerator of a fraction is increased by 250 % and the denominator is increased by 400 % the resultant fraction is 7/19. What is the original fraction?

The value of a plant depreciates by 10 % annually. If the present value of the plant is Rs. 100000, then what will be its value after 2 years?

Three candidates in an election received 1136, 7636 and 11628 votes respectively. What percentage of the total votes did the winning candidate get?