Q. The price of rice is increased by 20%. By what percentage should a family reduce its consumption so that the expenditure increases by only 8%?
✅ Correct Answer: (B)
10%
Explanation: Required consumption = 108/120 = 90% of the original. Hence, reduction = 10%.
Explanation by: Mr. Dubey
Required consumption = 108/120 = 90% of the original. Hence, reduction = 10%.