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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 expenditurePrice 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 ?

Correct Answer: 37.5%

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Math MCQ: 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 expenditurePrice 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 ? | Extra Education