The price of tea has increased by 25% calculate the percentage
of tea consumption that is to be decreased if there is no change in
the amount spent on tea for a household.
How do i solve this question?
Hi,
Let x be the price of tea and y be the consumption.
Then the amount spent on tea is given by xy.
Since the price of tea has increased by 25%, the new
price of tea is 5/4 x.
For the amount spent to remain at xy, we will then need
the consumption to drop to 4/5 y.
Thus, the consumption has to be decreased by 20%.
Thanks!
Cheers,
Wen Shih